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U
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— 63
(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 * 8.11
Find equivalent interest rate of single,
fixed-rate loan with
mortgage insurance * 9.95
Find total combined (1st/2nd)
payment * 799.07
Find equivalent payment of single,
fixed-rate loan with
mortgage insurance * 873.64
Find monthly savings over fixed-rate loan with
mortgage insurance * 74.57
Find adjusted 2nd term (if savings
applied to 2nd TD) * 5.44
Find 1st TD loan amount
* 88,888.89
Find 2nd TD loan amount
* 11,111.11
Find 1st TD monthly
payment * 652.24
Find 2nd TD monthly
payment * 146.83
Re-display LTV * 80.00-10.00
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