Calculated Industries 3442 User Manual page 80

(Cont'd)
STEPS
1. Enter Fixed-Rate Loan Values and Find Total Payment:
Clear calculator
Enter price
Enter down payment
Enter interest
Enter term
Enter MI (mortgage
insurance) value
Clear Tax register
Clear Insurance register 0 s 8
Solve for P&I payment
Solve for PITI payment
(with MI)
2. Enter Fixed-Rate Combo Loan Values:
Enter 1st TD Interest:Term 7 : 3 0 !
Enter 2nd TD Interest:Term 9 : 3 0 s !
Enter new 1st:2nd LTV
3. Calculate the Loan Comparison:
Find 1st:2nd blended
interest rate*
Find equivalent fixed-rate loan
interest rate
Find total combined (1st/2nd)
payment
Find equivalent fixed-rate loan
payment
Find monthly savings over single
fixed-rate loan w/MI
Find adjusted 2nd term (if savings
applied to 2nd loan)
Find 1st TD loan amount 5
Find 2nd TD loan amount
Find 1st TD monthly pmt 5
Find 2nd TD mo. payment 5
Re-display LTV
Note: To calculate Interest-Only 2nd Trust Deed Combo Loans on model 3442, press
the 4 key instead of the 5 key in Step 3 of the above example.
For Desktop Model (#43442) Users:
**Press the B key for Desktop Model.
Press s before pressing B to calculate Interest-Only 2nd Trust Deed Combo Loans.
KEYSTROKES
o o
1 0 0 ) P
1 0 d
7 ˆ
3 0 T
• 5 s 9
0 s 7
p
p
8 0 : 1 0 s d
s 5
5
5
5
5
5
5
5
DISPLAY
100,000.00
10.00
30.00
598.77
636.27
7.00-30.00
9.00-30.00
80.00-10.00
612.70
636.27
23.57
14.23
80,000.00
10,000.00
532.24
80.46
80.00-10.00
U ' G — 75
SER S UIDE
0.00
7.00
0.50
0.00
0.00
7.23
7.61