Calculated-industries 3416 User Guide Manual de usuario descargar pdf (Pagina 17)

12 — M

ORTGAGE

UALIFIER

LUS

(Cont’d)

** and s * (Int-Only 2nd) Key Output:

For a comparison of a fixed-rate combo loan versus

a fixed-rate loan with required mortgage insurance,

each key press (once all other loan values are entered,

including 1st:2nd Interest:Term) will calculate:

Press Calculation

1 Combo Loan Combined (Blended)

Interest Rate

2 Equivalent Interest Rate of Fixed Rate

Mortgage with Mortgage Insurance

3 Combo Loan Combined (1st/2nd TD)

Payment

4 Equivalent Payment of Fixed Rate Mortgage

with Mortgage Insurance

5 Monthly Savings over Fixed-Rate Loan with

Mortgage Insurance

6 Adjusted 2nd Term (if Savings Applied to

2nd TD)

7 1st Trust Deed Loan Amount

8 2nd Trust Deed Loan Amount

9 1st Trust Deed Payment

10 2nd Trust Deed Payment

11 Displays LTV

1st TD Interest:Term

— Stores the annual interest

and term for the 1st fixed-rate TD. These values are

used when computing the 1st:2nd fixed Combo

Loan. Entry is made using the : key (Interest :

Term). Both interest and term values are required for

a valid entry. Values will be retained until changed or

reset.

s !

2nd TD Interest:Term

— Stores the annual interest

and term for the 2nd fixed-rate TD. Entry is made

using the : key (Interest : Term). Both interest

and term values are required for a valid entry. Values

will be retained until changed or reset.

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Calculated-industries 3416 User Guide Manual de usuario Pagina 17

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