04-06-2018, 01:21 PM
Inputs:
Store Loan Amount in R1
Large Loan (80%): Number of Years in R2, Annual Interest Rate in R3
Small Loan (10%): Number of Years in R4, Annual Interest Rate in R5
Output:
Large Loan Payment, Small Loan Payment, Combined Payment (R6)
Example:
Terms: 80:10:10
Loan Amount: $200,000.00
80% Loan: Term: 30 years, Rate: 4.5%
10% Loan: Term: 15 years, Rate 5%
Results:
-810.70 (payment of 80% loan)
-158.16 (payment of 10% loan)
-968.86 (payment of combined loan)
Sources
Calculated Industries Real Estate Master IIIX: Resident Real Estate Finance Calculator Pocket Reference Guide Calculated Industries, LLC.: Carson City, NV 2010
Mortgage-Info.com “Piggy Back Mortgage Calculator” Mortgage Info.com 2011 http://www.mortgage-info.com/mortgage-ca...lator.aspx Accessed April 4, 2018.
Store Loan Amount in R1
Large Loan (80%): Number of Years in R2, Annual Interest Rate in R3
Small Loan (10%): Number of Years in R4, Annual Interest Rate in R5
Output:
Large Loan Payment, Small Loan Payment, Combined Payment (R6)
Code:
STEP CODE KEY NOTES
001 42, 34 Clear FIN
002 45, 1 RCL 1
003 8 8
004 0 0
005 25 %
006 13 PV
007 45, 3 RCL 3
008 43, 12 [ g ] [ i ] (12÷) Store monthly interest rate
009 45, 2 RCL 2
010 43, 11 [ g ] [ n ] (12x) Store monthly payments
011 14 PMT Calculate payment of 80% loan
012 44, 6 STO 6
013 31 R/S
014 45, 1 RCL 1
015 1 1
016 0 0
017 25 %
018 13 ENTER
019 45, 5 RCL 5
020 43, 12 [ g ] [ i ] (12÷)
021 45, 4 RCL 4
022 43, 11 [ g ] [ n ] (12x)
023 14 PMT Calculate payment on the 10% loan
024 31 R/S
025 45, 6 RCL 6
026 40 +
027 44, 6 STO 6
028 43, 33, 000 GTO 000 On the regular HP 12C, the line is GTO 00
Example:
Terms: 80:10:10
Loan Amount: $200,000.00
80% Loan: Term: 30 years, Rate: 4.5%
10% Loan: Term: 15 years, Rate 5%
Results:
-810.70 (payment of 80% loan)
-158.16 (payment of 10% loan)
-968.86 (payment of combined loan)
Sources
Calculated Industries Real Estate Master IIIX: Resident Real Estate Finance Calculator Pocket Reference Guide Calculated Industries, LLC.: Carson City, NV 2010
Mortgage-Info.com “Piggy Back Mortgage Calculator” Mortgage Info.com 2011 http://www.mortgage-info.com/mortgage-ca...lator.aspx Accessed April 4, 2018.