U
SER’S GUIDE — 69
(Cont’d)
STEPS KEYSTROKES DISPLAY
3. Find 80:10:10 Combo Loan and Comparison Values (vs. Fixed-
Rate Loan with Mortgage Insurance):
Find 1st:2nd combined (blended)
interest rate * “run” 7.23
Find equivalent interest rate of single,
fixed-rate loan with MI * “run” 7.61
Find total combined (1st/2nd)
payment * 680.78
Find equivalent payment of single,
fixed-rate loan with MI * 706.97
Find monthly savings over
fixed-rate loan with MI * 26.19
Find adjusted 2nd term (if savings
applied to 2nd TD) * “run” 14.23
Find 1st TD loan amount * 88,888.89
Find 2nd TD loan amount
* 11,111.11
Find 1st TD monthly
payment * 591.38
Find 2nd TD monthly
payment * 89.40
Re-display LTV * 80.00-10.00
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