Manual

U SER ’ S G UIDE — 29
Finding Loan-to-Value (LTV) Based on Down Payment and
Sales Price
Find the loan-to-value if a buyer is putting $15,000 down on a
$165,500 home. Then find the loan amount.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter sales price 1 6 5 5 0 0 P 165,500.00
Enter down payment $ 1 5 ) d 15,000.00
Find down payment % d 9.06
Find LTV d 90.94
Find loan amount l 150,500.00
Entering Loan-to-Value (LTV) and Finding Loan and
Down Payment
Find the down payment dollar amount and the loan amount if a
buyer needs to borrow 80% on a $287,000 home.
STEPS KEYSTROKES DISPLAY
Clear calculator o o 0.00
Enter sales price 2 8 7 ) P 287,000.00
Enter LTV% 8 0 s d 80.00
Find down payment $ d 57,400.00
Find loan amount l 229,600.00
Find down % d 20.00