Calculated Industries 3416 User Guide User Manual
Page 72
U
SER
’
S
G
UIDE
— 67
(Cont’d)
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 *
).