LA 5665B Template.doc - MIDP Computation Using TI Business Analysts or Radio Shack EC-100 Route Section County

# LA 5665B Template.doc - MIDP Computation Using TI Business...

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MIDP Computation Using TI Business Analysts or Radio Shack EC-100 Route Project Section Job No. County Parcel Unit Old Mortgage: New Mortgage: Balance Amount Interest Rate Interest Monthly Payment Points Term Turn calculator on ON Put calculator in Financial Mode 2nd Mode Explanation Key Entry Result 1. Remaining Term of Old Mortgage Enter remaining balance PV \$ Enter old interest rate Convert to monthly 12 = Store in %i %i Enter old monthly payment PMT \$ Compute remaining term of old mortgage 2nd N 2. MIDP Calculation Enter new interest rate Convert to monthly 12 = Store in %i %i Enter remaining term of old mortgage n Enter monthly payment of old mortgage PMT \$ Compute new mortgage 2nd PV \$ Compute points x = Difference of old mortgage - new mortgage = \$ Add amount of points computed above + \$ MIDP = \$ Page 1 of 3 LA 5665B Template (Rev. 04/11) (Replaces LA 6041F)

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3. Alternate Calculation for Smaller and/or Shorter Replacement Mortgage A. Replacement Mortgage is Small than Calculated Replacement Mortgage Amount
• Winter '19
• Dr. G

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