Calculated Industries 3405-B - Manual (Page 35)

P OCKET R EFERENCE G UIDE — 34
80:10:10 Combo Loan vs. Fixed-Rate
Loan with Mortgage Insurance
Compare an 80:10:10 Combo Loan vs. a
Fixed-Rate loan w/mortgage insurance.
The loan parameters are:
FIXED COMBO
w/PMI (1st/2nd)
Loan 250,000 250,000
Interest 6.50% 6.00% –
8.50%
Term 30 30 year–
15 year
PMI 0.62% --
LTV 95% 80% –
10%
STEPS KEYSTROKES DISPLAY
1. Enter Fixed-Rate Loan Values and
Find Total Payment:
Clear o o 0.00
Enter loan 2 5 0 ) l
250,000.00
(Cont’d)
3405PRG-E-B 1/9/04 8:45 AM Page 34