Finding Loan-to-Value (LTV) Based on Down Payment and
Sales Price ................................................................................29
Entering Loan-to-Value (LTV) and Finding Loan and
Down Payment ..........................................................................29
Taxes and Insurance ...................................................................30
Setting Tax and Insurance % Rates ............................................30
Recalling Tax and Insurance % Rates.........................................31
Setting Tax and Insurance $........................................................31
Calculating Tax and Insurance % or $.........................................31
PITI Payment (Tax and Insurance Entered as %) .......................32
PITI Payment (Tax and Insurance Entered as $) ........................33
Total Payment and Interest-Only Payment..................................33
Estimated Income Tax Savings and “After-Tax” Payment ...........34
Rent vs. Buy ................................................................................35
APR and Total Finance Charges .................................................36
Finding APR, Total Finance Charges (Excluding Mortgage
Insurance)..................................................................................36
Finding APR, Total Finance Charges (Including Mortgage
Insurance)..................................................................................37
Date Examples ............................................................................38
Finding Odd-Days Interest and APR ...........................................38
Equity Builder Loans....................................................................39
Equity Builder Term Reduction and Payment..............................40
Equity Builder Interest Savings - Based on Adjusted
Equity Builder Payment .............................................................40
Amortization and Remaining Balance .........................................41
Notes on Amortization .................................................................41
Total Principal/Total Interest for a 30-Year Loan..........................42
Amortization List for Individual Year(s) —
Using “Next” Feature
....43
Amortization List for Individual Year(s) —
Using Month Offset
......44
Amortization List for Individual Payment(s) .................................45
Amortization List for a Range of Payments or Years ..................46
Balloon Payment/Remaining Balance Needed to Pay Off a Loan ...46
Mortgage Interest Tax Savings —
21% or 30% Tax Bracket
...........47
Future Value ................................................................................48
Appreciation.................................................................................48
Basic Savings Account Problem
(Future Value of an Initial Deposit or Lump Sum).....................48
Investment Future Value..............................................................48
Retirement Annuity ......................................................................49
Begin/End Interest Mode .............................................................49
Trust Deeds and Discounted Notes.............................................50
Purchase Price of a Note —
Fully Amortized
.................................50
Finding the Yield on a Discounted Note ......................................50
Finding the Value and Discount of a Trust Deed.........................51
