Calculated Industries 3405-B - Manual (Page 39)

P OCKET R EFERENCE G UIDE — 38
(Cont’d)
STEPS KEYSTROKES DISPLAY
Clear Insurance*
0 I 0.00
Solve for
payment p 2,098.43
Solve for total payment (including
PMI) p 2,279.26
*Skip to p if continuing from the last example,
as rates are already cleared.
2. Enter Combo Loan Values:
Enter 1st TD Interest
and Term 5 • 2 5 : 3 0
! 5.25 - 30.00
Enter 2nd TD Interest
and Term 7 : 1 5 s
! 7.00-15.00
3. Find Combo Loan Values:
Find blended interest rate for
1st/2nd TD s * * 5.43
Find equivalent interest rate for
fixed-rate loan with mortgage
insurance
* 6.79
Find 1st/2nd TD combined monthly
payment * 2,124.27
(Cont’d)
3405PRG-E-B 1/9/04 8:45 AM Page 38