Calculated Industries 3405-B - Manual (Page 17)

P OCKET R EFERENCE G UIDE — 16
Loan Amount Based on Sales Price
and Down Payment
Find both down payment dollar amount
and loan amount if the sales price is
$375,500 and you're planning to put 20%
down:
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter price 3 7 5 5 0 0 P
375,500.00
Enter down% 2 0 d * 20.00
Find down$ d 75,100.00
Find loan l 300,400.00
*You do not have to label the value as a percent.
Loan-to-Value
Find the LTV if the sales price is $265,500
and the down payment is $15,000.
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter price 2 6 5 5 0 0 P
265,500.00
Enter down 1 5 ) d 15,000.00
Find down% d 5.65%
Find LTV % s d 94.35%
3405PRG-E-B 1/9/04 8:45 AM Page 16