4 — Q
UALIFIER
P
LUS
®
4
X
s d
Loan-to-Value (LTV) — Calculates the Loan-to-
Value percent when a Down Payment and Sales
Price, Mortgage Amount/Down Payment, or
Mortgage Amount/Sales Price are entered. Also cal-
culates the above dollar values if an LTV percent
and one of the above values are entered (e.g.,
entered Sales Price and LTV percent will calculate
Down Payment and Mortgage Amount).
s b
Periodic — Used to specify a mortgage component
(Term or Interest) or Amortization/Remaining
Balance entry as periodic rather than yearly. For
example,
3 0 s b T
enters 30 periods.
Also used to identify Periodic Income, Tax
Insurance, and Mortgage Insurance.
s ÷
Payments per Year (Pmt/Yr) — Used to set the
number of payment periods per year. Default value
is 12, for monthly.
Note: You can store the number of payments/year permanently or
semi-permanently. See “Preference Settings” on page 12).
a
Amortization (Amort) — Finds Total Interest,
Principal, Remaining Balance, and Remaining Term.
The output of this key is as follows:
Press Display or Calculation
1
Displays range of periods
2
Calculates Total Interest for period range
3
Displays Total Principal for range
4
Calculates Total Principal and Interest
5
Calculates Remaining Balance
6
Calculates Remaining Term
s a
Remaining Balance (Rem Bal) — Displays the
Remaining Balance when preceded by a single year
or range of years (or individual payment or range of
payments by also using the
s b
keys). Note
that you can also see the Remaining Balance by
cycling through the
a
key.
:
Colon Separator (Date) — Used as a separator for
entering dates, qualifying ratios, and amortization
ranges.
