Calculated Industries 3416 User Guide User Manual

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STEPS

KEYSTROKES

DISPLAY

3. Find 80:10:10 Combo Loan and Comparison Values (vs. Fixed-
Rate Loan with Mortgage Insurance):

Find 1st:2nd combined (blended)

interest rate

8.11

Find equivalent interest rate of single,

fixed-rate loan with
mortgage insurance

9.95

Find total combined (1st/2nd)

payment

799.07

Find equivalent payment of single,

fixed-rate loan with
mortgage insurance

873.64

Find monthly savings over fixed-rate loan with

mortgage insurance

74.57

Find adjusted 2nd term (if savings

applied to 2nd TD)

5.44

Find 1st TD loan amount

88,888.89

Find 2nd TD loan amount

11,111.11

Find 1st TD monthly

payment

652.24

Find 2nd TD monthly

payment

146.83

Re-display LTV

80.00-10.00