Calculated Industries 3430-KIT - Manual (Page 72)

U
SER
’
S
G
UIDE
— 71
(Cont’d)
STEPS KEYSTROKES DISPLAY
3. Find 80:15:5 Combo Loan and Comparison Values (vs. Fixed-
Rate Loan with Mortgage Insurance):
Find 1st:2nd blended
interest rate s * “run” 7.33
Find equivalent interest rate of single,
fixed-rate loan with MI * “run” 7.61
Find total combined (1st/2nd)
payment * 687.30
Find equivalent payment of single,
fixed-rate loan with MI * 706.97
Find monthly savings over
fixed-rate loan with MI * 19.67
Find adjusted 2nd term (if savings
applied to 2nd TD) * “run” 18.36
Find 1st TD loan amount * 84,210.53
Find 2nd TD loan amount * 15,789.47
Find 1st TD monthly
payment * 560.25
Find 2nd TD monthly
payment * 127.05
Re-display LTV * 80.00-15.00