Calculated Industries 3405-B User Manual

Page 37

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background image

P

OCKET

R

EFERENCE

G

UIDE

— 36

(Cont’d)

STEPS

KEYSTROKES

DISPLAY

Find 1st/2nd TD combined monthly

payment

*

1,605.87

Find equivalent payment for

fixed-rate loan with mortgage
insurance

*

1,709.34

Display monthly savings over

fixed-rate loan with mortgage
insurance

*

103.46

Display adjusted 2nd term

(if savings applied to
2nd TD)

*

8.71

Find 1st TD loan

amount

*

222,222.22

Find 2nd TD loan

amount

*

27,777.78

Find 1st TD

payment

*

1,332.33

Find 2nd TD

payment

*

273.54

Redisplay

LTV

*

80.00-10.00

*Use the

*

key to enter another LTV; e.g., to

enter 90:5, enter

9 0 : 5 *

and continue

as above.

3405PRG-E-B 1/9/04 8:45 AM Page 36

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