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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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