Calculated Industries 3415 User Manual page 64

(Cont'd)
STEPS
3. Find 80:10:10 Combo Loan and Comparison Values (vs. Fixed-
Rate Loan with Mortgage Insurance):
Find 1st:2nd combined (blended)
interest rate
Find equivalent interest rate of single,
fixed-rate loan with
mortgage insurance
Find total combined (1st/2nd)
payment
Find equivalent payment of single,
fixed-rate loan with
mortgage insurance
Find monthly savings over fixed-rate loan with
mortgage insurance
Find adjusted 2nd term (if savings
applied to 2nd TD)
Find 1st TD loan amount *
Find 2nd TD loan amount *
Find 1st TD monthly
payment
Find 2nd TD monthly
payment
Re-display LTV
KEYSTROKES
*
*
*
*
*
*
*
*
*
DISPLAY
799.07
873.64
74.57
88,888.89
11,111.11
652.24
146.83
80.00-10.00
U ' G — 63
SER S UIDE
8.11
9.95
5.44