Calculated Industries 3420 Pocket Reference Guide - Manual (Page 21)

P OCKET R EFERENCE G UIDE — 20
Sales Price Based on Mortgage
Amount and % Down Payment
Find sales price if the mortgage amount is
$150,000, down payment 5%, term 25
years and interest rate 7.75%.
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter Mtg. 1 5 0 ) l
150,000.00
Enter Down% 5 d 5.00
Enter Term 2 5 T 25.00
Enter Interest 7 • 7 5 ˆ 7.75
Find Payment p 1,120.98
Find $Down d d 7,894.74
Find Price P 157,894.74
Finding Loan-to-Value (LTV)
Find the Loan-to-Value if a buyer is put-
ting $15,000 down on a $215,500 home.
Then find the mortgage amount.
STEPS KEYSTROKES DISPLAY
Clear o o 0.00
Enter Price 2 1 5 5 0 0 P
215,500.00
Enter Down$ 1 5 ) d 15,000.00
Find LTV s d 93.04
Find Mortgage l 200,500.00
3420PRG-E-A 7/2/04 9:07 AM Page 20