Calculated-industries 3416 User Guide Uživatelský manuál stáhnout pdf (Strana 16)

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UIDE

— 11

1st and 2nd Trust Deeds (Combo Loan) Keys

The Combo Loan keys show the savings of obtaining a 1st and 2nd

trust deed (TD) loan over a single, fixed-rate loan where mortgage

insurance, or private mortgage insurance (PMI), is required.

This routine requires a fixed-rate loan to be entered using the stan-

dard l, p, ˆ and/or T keys so that a loan comparison can

be made.

Loan-to-Value Combo Loan for 80:10:10

— This

key provides a loan comparison (see below key out-

puts*) of an 80:10:10 combo fixed-rate loan versus a

single, fixed-rate loan requiring mortgage insurance.

The stored values are a percentage of the sales

price (e.g., 80:10 identifies that 80% of the price is

covered by the 1st TD, 10% of the price is covered

by the 2nd TD and the remaining 10% is covered by

the down payment).

s *

Interest-Only Combo Loan (Int-Only 2nd)

—

Operates similarly to the 80:10:10 Combo Loan, but

for an 80:10:10 Combo Loan where the 2nd Trust

Deed is Interest-Only (the 1st Trust Deed is a stan-

dard fixed-rate P&I loan).

Note: You may also enter any LTV for either

s *

For example, to enter an 80:20 LTV, enter

8 0 : 2 0 *

8 0 : 2 0 s *

and continue to press the

key to

find the below values.

(Cont’d)

1 2 ... 11 12 13 14 15 16 17 18 19 20 21 ... 80 81

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Calculated-industries 3416 User Guide Uživatelský manuál Strana 16