P
OCKET
R
EFERENCE
G
UIDE
— 16
Loan Amount Based on Sales Price
and Down Payment
Find both down payment dollar amount
and loan amount if the sales price is
$375,500 and you're planning to put 20%
down:
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter price
3 7 5 5 0 0 P
375,500.00
Enter down%
2 0 d
*
20.00
Find down$
d
75,100.00
Find loan
l
300,400.00
*You do not have to label the value as a percent.
Loan-to-Value
Find the LTV if the sales price is $265,500
and the down payment is $15,000.
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter price
2 6 5 5 0 0 P
265,500.00
Enter down
1 5 ) d
15,000.00
Find down%
d
5.65%
Find LTV %
s d
94.35%
3405PRG-E-B 1/9/04 8:45 AM Page 16
