Calculated Industries 3416 User Guide - Manual (Page 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 * ).