U
SER’S GUIDE — 71
(Cont’d)
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 * “run” 7.33
Find equivalent interest rate of single,
fixed-rate loan with MI * “run” 7.61
Find total combined (1st/2nd)
payment * 687.30
Find equivalent payment of single,
fixed-rate loan with MI * 706.97
Find monthly savings over
fixed-rate loan with MI * 19.67
Find adjusted 2nd term (if savings
applied to 2nd TD) * “run” 18.36
Find 1st TD loan amount * 84,210.53
Find 2nd TD loan amount
* 15,789.47
Find 1st TD monthly
payment * 560.25
Find 2nd TD monthly
payment * 127.05
Re-display LTV * 80.00-15.00
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