Calculated Industries 3442 - Manual (Page 19)

14 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P X2
! 1st TD Interest:Term — Stores the annual interest
and term for the fixed-rate 1st TD. These values are
used when calculating the 1st:2nd fixed Combo
Loan. Entry is made using the
: key (separating
interest and term). Both interest and term values are
required for a valid entry. Values will be retained
until changed or reset.
s ! 2nd TD Interest:Term — Stores the annual interest
and term for the fixed-rate 2nd TD. These values are
used when calculating the 1st:2nd fixed Combo and
P-A-P/EB P-A-P Combo Loans. Entry is made using
the
: key (separating interest and term). Both inter-
est and term values are required for a valid entry.
Values will be retained until changed or reset.
C 2nd TD Interest:Term (Desktop model 43442
Only)
— See previous definition for s ! .
s 5 Fixed-Rate Combo (1st & 2nd Trust Deed) Loan —
When s 5 is selected and all other variables are
entered, the calculator will display the following:
Press Calculation
1 Combo Loan Blended Interest Rate
*2 Equivalent Interest Rate (for Fixed-Rate
Loan with MI)
3 Combo Loan Total (1st/2nd TD) Payment
*4 Equivalent P&I Payment (for Fixed-Rate
Loan with MI)
*5 Monthly Savings over Fixed-Rate Loan w/MI
*6 Adjusted 2nd Term (if Savings Applied to
2nd Trust Deed Loan)
7 1st Trust Deed Loan Amount
8 2nd Trust Deed Loan Amount
9 1st Trust Deed Loan Payment
10 2nd Trust Deed Loan Payment
11 LTV Ratio
*If no comparison loan values are entered, these solutions are
not displayed.
BF Fixed-Rate Combo (Desktop model 43442 Only) —
See previous definition for s 5 .