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POCKET REFERENCE GUIDE — 34

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

(Cont’d)

3405PRG-E-B 1/9/04 8:45 AM Page 34

Calculated Industries 3405 User Manual

Questions and Answers: