[ MIDP Computation Using TI Business Analysts or Radio Shack EC-100 Airport: Project: Sponsor: Parcel: County: Unit: Old Mortgage: New Mortgage: Balance Amount Interest Rate Interest Rate 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 $ Enter old interest rate Convert to monthly 1 = 2 Store in %i Enter old monthly payment $ Compute remaining term of old mortgage 2nd N 2. MIDP Calculation Enter new interest rate Convert to monthly 1 = 2 Store in %i Enter remaining term of old n mortgage Enter monthly payment of old mortgage $ PMT Compute new mortgage $ 2 Compute points x $ = Difference of old mortgage - new mortgage $ = Add amount of points computed above $ + MIDP $ =
[ MIDP Computation Using TI Business Analysts or Radio Shack EC-100 Airport: Project: Sponsor: Parcel: County: Unit: Old Mortgage: New Mortgage: Balance Amount Interest Rate Interest Rate 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 $ Enter old interest rate Convert to monthly = Store in %i Enter old monthly payment $ Compute remaining term of old mortgage 2nd N 2. MIDP Calculation Enter new interest rate Convert to monthly = Store in %i Enter remaining term of old mortgage n Enter monthly payment of old mortgage PMT $ Compute new mortgage $ Compute points x = $ Difference of old mortgage - new mortgage = $ Add amount of points computed above + $ MIDP = $ 1 2 2 2 1
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