Using HP 10bII for Mortgage loans with points
12 Shift P / YR (yearly)
Part 1 - Calculate Monthly Payment
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Enter 114,400 press [x] and enter 1.02 and press [=] (to calculate 2 point free or 2% more)
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Display 116,688.00
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Press [PV]
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Enter 30 [Shift] [N x P/YR]
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Enter 0 and press [FV]
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Press [PMT]
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Display -917.98
Part 2 - Next we calculate the APR (Annual Percentage Rate)
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Enter 114,400 and press [PV] (the original loan amount]
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Press [I/YR]
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Display 8.97 is the answer or the APR for the loans.