Calculated-industries 3416 User Guide Manual de usuario descargar pdf (Pagina 72)

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STEPS KEYSTROKES DISPLAY

3. Find 80:20 Combo Loan and Comparison Values (vs. Fixed-Rate

Loan with Mortgage Insurance):

Enter LTV and find 1st:2nd blended

interest rate 8 0 : 2 0 * “run” 7.41

Find equivalent interest rate of

fixed-rate loan with MI * “run” 7.61

Find total combined (1st/2nd)

payment * 693.17

Find equivalent payment of

fixed-rate loan with MI * 706.97

Find monthly savings over

fixed-rate loan with MI * 13.80

Find adjusted 2nd term (if savings

applied to 2nd TD) * “run” 21.81

Find 1st TD loan amount * 80,000.00

Find 2nd TD loan amount

* 20,000.00

Find 1st TD monthly

payment * 532.24

Find 2nd TD monthly

payment * 160.92

Re-display LTV * 80.00-20.00

Note: an entered LTV is not stored; in order to re-calculate a Combo Loan based on a

different LTV than 80:10:10, you will need to enter the LTV prior to pressing

(or

s *

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Calculated-industries 3416 User Guide Manual de usuario Pagina 72