74 — MORTGAGE QUALIFIER PLUS ®P X2(Cont’d)STEPS KEYSTROKES DISPLAYFind equivalent fixed-rate loanpayment 5 636.27Find monthly savings over singlefixed-rate loan w/MI 5 23.57Find adjusted 2nd term (if savingsapplied to 2nd loan) 5 14.23Find 1st TD loan amount 5 80,000.00Find 2nd TD loan amount 5 10,000.00Find 1st TD monthly pmt 5 532.24Find 2nd TD mo. payment 5 80.46Display LTV 5 80.00-10.00**A different LTV can be entered prior to calculating a combo loan (e.g., 8 0 : 1 5s 5) without replacing the stored LTV. This allows for a comparison of differentLoan-to-Value ratios.Note: To calculate Interest-Only 2nd Trust Deed Combo Loans on model 3442, pressthe 4key instead of the 5key in Step 3 of the above example.For Desktop Model (#43442) Users:**Press the Bkey for Desktop Model.Press sbefore pressing Bto calculate Interest-Only 2nd Trust Deed ComboLoans.Combo Loan —Storing a New LTVYou’d like to show your client the savings of a fixed-rate ComboLoan over that of a standard, fixed-rate loan with MI. The LTV for the1st/2nd TD is 90/10. See the following parameters:FIXED-RATEFIXED-RATE COMBO LOANLOAN w/MI (1st TD – 2nd TD)Price 100,000 100,000Interest 7% 7% – 9%Term 30 30 year – 30 yearMI 0.5% --LTV 90% 80% – 10%(Cont’d)
