Calculated-industries 3405-D Manuel d'utilisateur télécharger pdf (Page 38)

POCKET REFERENCE GUIDE — 37

80:15:5 Combo Loan vs. Fixed-Rate

Loan with Mortgage Insurance

Compare an 80:15:5 Combo Loan vs. a

Fixed-Rate loan w/mortgage insurance.

The loan parameters are:

FIXED COMBO

w/PMI 1st/2nd)

Loan 350,000 350,000

Interest 6.00% 5.25% –

7.0%

Term 30 30 year–

15 year

PMI 0.62% --

LTV 95% 80% –

15%

STEPS KEYSTROKES DISPLAY

1. Enter Fixed-Rate Loan Values and

Find Total Payment:

Clear o o 0.00

Enter loan 3 5 0 ) l

350,000.00

Enter interest

6 ˆ 6.00

Enter term 3 0 T 30.00

Enter MI% • 6 2 s I 0.62

Clear Tax* 0 t 0.00

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