Calculated Industries 3430 - Page 37

P
OCKET REFERENCE GUIDE — 33
(Cont’d)
STEPS KEYSTROKES DISPLAY
Clear Tax 0 s 7 0.00
Clear
Insurance 0 s 8 0.00
Solve for
payment p 1,580.17
Solve for PITI (including
PMI) p 1,709.34
2. Enter Combo Loan Values:
Enter 1st TD Interest
and Term 6 : 3 0 !
6.00-30.00
Enter 2nd TD Interest
and Term 8 • 5 : 1 5 s
! 8.50-15.00
3. Find Combo Loan Values:
Find blended interest rate for
1st/2nd TD * 6.18
Find equivalent interest rate for
fixed-rate loan with mortgage
insurance * 7.27
Find 1st/2nd TD combined monthly
payment * 1,605.87
(Cont’d)