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(Cont'd)
STEPS
3. Find Combo Loan Values:
Find blended interest rate for
1st/2nd TD **
Find equivalent interest rate for
fixed-rate loan with mortgage
insurance
Find 1st/2nd TD combined monthly
payment
Find equivalent payment for
fixed-rate loan with mortgage
insurance
Display monthly savings over
fixed-rate loan with mortgage
insurance
Display adjusted 2nd term
(if savings applied to
2nd TD)
Find 1st TD loan
amount
Find 2nd TD loan
amount
Find 1st TD
payment
Find 2nd TD
payment
Redisplay LTV *
P
KEYSTROKES
*
*
*
*
*
*
*
*
*
R
OCKET
EFERENCE
222,222.22
27,777.78
80.00-10.00
G
— 30
UIDE
DISPLAY
6.18
7.27
1,605.87
1,709.34
103.46
8.71
1,332.33
273.54
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