P
OCKET
R
EFERENCE
G
UIDE
— 34
80:10:10 Combo Loan vs. Fixed-Rate
Loan with Mortgage Insurance
Compare an 80:10:10 Combo Loan vs. a
Fixed-Rate loan w/mortgage insurance.
The loan parameters are:
FIXED
COMBO
w/PMI
(1st/2nd)
Loan
250,000
250,000
Interest
6.50%
6.00% –
8.50%
Term
30
30 year–
15 year
PMI
0.62%
--
LTV
95%
80% –
10%
STEPS
KEYSTROKES
DISPLAY
1. Enter Fixed-Rate Loan Values and
Find Total Payment:
Clear
o o
0.00
Enter loan
2 5 0 ) l
250,000.00
(Cont’d)
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