Question about Texas Instruments TI-30XA Calculator

# I want to calculate a mortgage payment with my TI-30xA. Could you give me an example using a loan amount of 100,000, term 30 years and interest rate of 5%.

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Posted on Jan 02, 2017

SOURCE: simple loan payment

200,000 (PV) 5.75 (I/Y) 30 (2nd) (N)(N) (CPT)(PMT)

Posted on May 16, 2008

100000+8%= Divide by 360

Posted on Aug 08, 2009

Once you're in the TVM solver:
On the top line (N=) type in 5 * 12 ENTER for five years of month payments.
On the I% lline type in 5.5 / 12 ENTER for the month interest rate.
On the PV line type in 18000 ENTER
Make sure the FV is 0 and END is highlighted on the bottom line.
Move the cursor to the PMT line and press ALPHA [SOLVE] (that's ALPHA ENTER) and see -343.82 for the monthly payment.

Posted on Feb 19, 2010

Check to see if you are specifying the payment to be at the beginning or end of the month. This may help.

Posted on Feb 28, 2010

SOURCE: I have two BA real

\$596.57 is what I get with payments occurring at the beginning of the month. Set it to handle payments at the end of the month. My calculator gives \$599.55 for this case.

I'm not sure about the BA RE, but on the BA-II Plus you change the Begin/End setting by pressing 2nd [BGN] and 2nd [SET].

Posted on Mar 09, 2011

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## Related Questions:

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A home loan is always considered to be a good debt. So, longer home loan tenure is going to benefit the applicants more. An applicant who is apply for a home loan online, you enjoy the benefit of tax deduction for the entire tenure of the loan.
In case of short term home loans, your house loan EMI amount will be pretty high, so you may not be able to afford it. But you have to repay less to the lender. But in case of long run, your per month repayment will be less and affordable, but you will end up paying much more than what you have actually taken as loan. Your principal amount and your repayment amount will have a huge difference.

Jul 25, 2016 | The Computers & Internet

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### What are the Different Types of Mortgages The world of mortgages can be really...

What are the Different Types of Mortgages

The world of mortgages can be really confusing. There are so many different types and the terms and conditions vary between lenders and individual customers.

Here is a very basic outline of some of the main types of mortgages that are available.

Fixed-Rate Loans
Fixed-rate loans are loans where the interest rate says the same for the whole duration of the loan (ie 25 years). This type of mortgage is more stable than others as it's not based on market conditions and allows you to budget for your mortgage without the risk of costs rising.

Adjustable-rate loans have interest rates attached to them that can change based on an index reflecting market changes. Sometimes these kind of mortgages start out with a lower interest rate than fixed-rate loans but the payments can go up or down causing uncertainty to the customer.

Interest-Only Loans
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on Sep 10, 2013 | Finance

### What is 7% of \$44000.00?

7% of \$44000.00 is \$3,080.00.
That's how much the interest would be the first year if you don't make any payments. The total amount of interest you pay depends on the length of the loan. For a 30-year loan, your total payments would be \$105,389.92. For a 20-year loan, your total payments would be \$81,871.57.

Sep 12, 2014 | Office Equipment & Supplies

### What is a mortgage loan?

A mortgage loan is a loan where the client pledges real property, often a residential home, to the bank in order to secure the loan. If the client doesn't pay the mortgage, the bank can take the property. If there is a foreclosure, the bank will sell the property and use the sale money to clear the mortgage debt.

Aug 08, 2013 | Finance

### Will someone please walk me through the steps to calculate a mortgage payment on the BAII PLUS TEXAS INSTRUMENT. Please be specific. Thanks.

For a thirty-year, \$100,000 mortgage at 8% annually, compute the monthly payment:

2nd [CLR TVM] ( clear the time value of money registers )
3 0 * 1 2 N ( thirty years at twelve payments per year )
8 I/Y ( 8% annual interest )
1 0 0 0 0 0 PV ( \$100,000 mortgage )
CPT PMT ( compute payment )

You should see -733.76. The negative indicates payment, the amount is \$733.76.

May 08, 2011 | Texas Instruments BA Real Estate...

### I have two BA real estate calculator with the same problem. Each one is slightly off in the calculation. Example. \$100,000 loan 6% rate 30 year term should have a 599.99 payment and when I input this...

\$596.57 is what I get with payments occurring at the beginning of the month. Set it to handle payments at the end of the month. My calculator gives \$599.55 for this case.

I'm not sure about the BA RE, but on the BA-II Plus you change the Begin/End setting by pressing 2nd [BGN] and 2nd [SET].

Mar 09, 2011 | Texas Instruments BA Real Estate...

### How do I calculate a mortgage payment?

If \$100,000.00 loan: enter 100000. in pv, if interest rate is 5%, enter 5 divided by 12 = %i if 30 year mortgage, enter 360 N enter 2nd PMT to get monthly principle and interest. You may have already solved this problem.

Aug 19, 2010 | Texas Instruments BA Real Estate...

### Present value of a loan

The present value of any future monthly (?) stream of payments stretching some 24 years into the future takes into account the time value of money and depends on the interest rate assumed to apply for each month throughout those 24 years.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

Oct 06, 2008 | Texas Instruments TI-30XA Calculator

### Simple loan payment

Are you putting 30x12=360 for N? Since you have monthly payments, you have to compute it a little different. Also, you have to find the effective monthly interest rate. 1.0575^(1/12) = .4669839%.

Another way is to enter 30 for N and 5.57 for I/Y, and change P/Y to 12.

Hope this helps!

Apr 08, 2008 | Texas Instruments BA-II Plus Calculator

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