Calculated Industries 3415-KITE-D User Manual

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STEPS

KEYSTROKES

DISPLAY

3. Find 80:15:5 Combo Loan and Comparison Values (vs. Fixed-
Rate Loan with Mortgage Insurance):

Find 1st:2nd blended

interest rate

s *

(80:15:5)

8.16

Find equivalent interest rate of single,

fixed-rate loan with
mortgage insurance

9.95

Find total combined (1st/2nd)

payment

826.57

Find equivalent payment of single,

fixed-rate loan with
mortgage insurance

873.64

Find monthly savings over

fixed-rate loan w/PMI

47.07

Find adjusted 2nd term (if savings

applied to 2nd TD)

7.26

Find 1st TD loan amount

84,210.53

Find 2nd TD loan amount

15,789.47

Find 1st TD monthly

payment

617.91

Find 2nd TD monthly

payment

208.66

Re-display LTV

80.00-15.00