Calculated Industries 3430 Pocket Reference Manual - Ocket
Other manuals for 3430:
User Manual
Manual is about: ADVANCED RESIDENTIAL REAL ESTATE FINANCE CALCULATOR with CASH FLOW and COMPLETE BUYER QUALIFYING
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P
OCKET
R
EFERENCE
G
UIDE
— 32
80:10:10 Combo Loan vs. Fixed-Rate
Loan with Mortgage Insurance
Compare an 80:10:10 Combo Loan vs. a
Fixed-Rate loan w/mortgage insurance.
The loan parameters are:
FIXED COMBO
w/PMI
(1st/2nd)
Loan
250,000 250,000
Interest
6.50% 6.00%
–
8.50%
Term
30 30
year–
15 year
PMI
0.62% --
LTV
95%
80% –
10%
STEPS
KEYSTROKES
DISPLAY
1. Enter Fixed-Rate Loan Values and
Find Total Payment:
Clear
o o
0.00
Enter loan
2 5 0 ) l
250,000.00
Enter
interest
6 • 5 ˆ
6.50
Enter term
3 0 T
30.00
Enter MI%
• 6 2 s 9
0.62
(Cont’d)