Calculated Industries 3405-B - Manual (Page 36)

P OCKET R EFERENCE G UIDE — 35
(Cont’d)
STEPS KEYSTROKES DISPLAY
Enter interest 6 • 5 ˆ 6.50
Enter term 3 0 T 30.00
Enter MI% • 6 2 s I 0.62
Clear Tax 0 t 0.00
Clear
Insurance 0 I 0.00
Solve for
payment p 1,580.17
Solve for PITI (including
PMI) p 1,709.34
2. Enter Combo Loan Values:
Enter 1st TD Interest
and Term 6 : 3 0 !
6.00-30.00
Enter 2nd TD Interest
and Term 8 • 5 : 1 5 s
! 8.50-15.00
3. Find Combo Loan Values:
Find blended interest rate for
1st/2nd TD * * 6.18
Find equivalent interest rate for
fixed-rate loan with mortgage
insurance
* 7.27
(Cont’d)
3405PRG-E-B 1/9/04 8:45 AM Page 35