Calculated Industries Qualifier Plus IIIx Podręcznik Użytkownika Pobierz pdf (Strona 66)

SER

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UIDE

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(Cont’d)

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

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Calculated Industries Qualifier Plus IIIx Podręcznik Użytkownika Strona 66