Calculated-industries 3416 User Guide Manual de usuario descargar pdf (Pagina 70)

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STEPS KEYSTROKES DISPLAY

3. Find 80:10:10 Combo Loan with an Interest-Only 2nd TD and

Comparison Values (vs. Fixed-Rate Loan with Mortgage Insurance):

Find 1st:2nd blended

interest rate s * “run” 7.14

Find equivalent interest rate of single,

fixed-rate loan with MI * “run” 7.61

Find total combined (1st/2nd)

payment * 674.71

Find equivalent payment of single,

fixed-rate loan with MI * 706.97

Find monthly savings over

fixed-rate loan with MI * 32.26

Find adjusted 2nd term (if savings

applied to 2nd TD) * “run” 14.23

Find 1st TD loan amount * 88,888.89

Find 2nd TD loan amount

* 11,111.11

Find 1st TD monthly

payment * 591.38

Find 2nd TD monthly

payment * 83.33

Re-display LTV * 80.00-10.00

Note: If you have an Interest-Only 1st TD (and a fixed-rate P&I 2nd TD) you may

enter your values as shown above with the Interest-Only TD entered as the 2nd TD

and the P&I TD as the 1st TD in order to calculate the combo loan.

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Calculated-industries 3416 User Guide Manual de usuario Pagina 70