Calculated Industries 3423, Pocket Reference Manual

Page 1: ...QUALIFIER PLUS 4X ADVANCED REAL ESTATE FINANCE CALCULATOR with CASH FLOW and BUILT IN CANADIAN INTEREST MODE Model 3423 Pocket Reference Guide CANADIAN...

Page 2: ...d Total PITH payment Sales Price and Down Payment Loan to Value Complete Amortization Bi Weekly Mortgages Qualifying Mortgage Amount Required Income Debt Effective Interest Rate Qualifying Based on Di...

Page 3: ...Monthly Mortgage Payment 12 Term of a Mortgage 12 Mortgage Amount 13 Interest Rate 13 Effective Interest Rate 14 Non Monthly Mortgages and Payments Per Year Pmt Yr 14 Total PITH Payment 15 Quarterly P...

Page 4: ...Debt 25 Cash Flow 26 EXAMPLES U S MODE 28 Monthly Loan Payment 28 Interest Only Payment Entry 28 Setting Tax and Insurance 29 PITI Payment and Interest Only Payment 30 Qualifying Loan Amount 31 Intere...

Page 5: ...ns all power off clearing all non perma nent registers x Arithmetic operation keys Percent Key Four function x percent key 0 9 Keys used for entering and numbers Colon separator for date Amortization...

Page 6: ...values s Payments per year Default 12 for monthly s Change sign or s Preference mode see large User s Guide w Meters to Feet m4ft Converts entered value from Meters to Feet s w Feet to Meters ft4m Co...

Page 7: ...terest rate s Effective Interest Rate Eff Converts value stored as interest to equiva lent U S rate s Switches between Canadian and U S Interest Mode s l Future value s b Periodic Identifies entry as...

Page 8: ...Property Insurance Used for calculating the Total Payment and for Qualifying s D Housing Expense including monthly heating cost Canada C Canadian Mortgage Insurance c Used to enter up to 20 Cash Flow...

Page 9: ...ffect Canadian mortgage insurance C s q Interest only qualifying based on 32 40 ratios s Q Interest only qualifying based on 35 42 ratios s Odd days interest Canadian U S Interest Modes Your calculato...

Page 10: ...and turn back on All Reset will flash for one second before clearing to zero Basic Math This calculator uses standard chaining logic This means the first value is entered then an operator then the se...

Page 11: ...displays and clears the Memory KEYSTROKES DISPLAY 1 3 5 5 355 00 2 3 5 5 2 5 5 7 4 5 s 135 00 Note s may be used to replace any value in Memory with the displayed value KEYSTROKES DISPLAY 1 3 5 5 355...

Page 12: ...to display s 5 0 00000 s 4 0 0000 s 3 0 000 s 2 0 00 Default s 1 0 0 s 0 0 s Floating Decimal Note To return to the standard two decimal place setting press s 2 Using the Meters and Feet Conversion F...

Page 13: ...nvert 10 Square Meters to Square Feet STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter 10 Square Meters 1 0 10 Find number of Square Feet W SQFT 107 64 Convert 20 Square Feet to Square Meters STEPS KEYST...

Page 14: ...r The date function lets you 1 add a number of days to a date to find a future date 2 subtract a number of days from a date to find a past date and 3 subtract one date from another date to find the nu...

Page 15: ...es The financial functions l p T and work just like you would say them For example to find the payment on a 100 000 mortgage for 25 years at 10 interest enter the three known vari ables and press the...

Page 16: ...r Mortgage 1 6 5 l 165 000 00 Enter Term 2 5 T 25 00 Enter Interest 7 7 5 7 75 Find Payment p 1 233 08 Note When entering or calculating interest in Canadian Mode the letters CDN will appear in the up...

Page 17: ...2 5 T 25 00 Enter Payment 1 5 0 0 p 1 500 00 Find Mortgage l 205 042 71 Enter new Interest rate 7 7 00 Find new Mortgage Amount l 214 158 52 Interest Rate Find the interest rate on a mortgage if the m...

Page 18: ...ver the number of payments per year must be changed by entering the number of pay ments per year then pressing s as shown in the following exercise Enter number of payments per year STEPS KEYSTROKES D...

Page 19: ...SPLAY Clear o o 0 00 Enter Term 2 5 T 25 00 Enter Interest 7 7 00 Enter Price 1 9 8 P 198 000 00 Down 5 d 5 00 Set Tax 1 3 t 1 30 Enter heating 1 0 0 s D 100 00 Find Mortgage l 188 100 00 Find P I Pmt...

Page 20: ...Term 1 0 T 10 00 Enter Interest 1 2 12 00 Find quarterly Payment p 644 36 Reset to 12 payments per year 1 2 s 12 00 Mortgage Amount Based on Sales Price and Percent Down Payment Find mortgage amount...

Page 21: ...r Down 5 d 5 00 Enter Term 2 5 T 25 00 Enter Interest 7 7 5 7 75 Find Payment p 1 120 98 Find Down d d 7 894 74 Find Price P 157 894 74 Finding Loan to Value LTV Find the Loan to Value if a buyer is p...

Page 22: ...000 00 Enter Term 2 5 T 25 00 Enter Interest 7 5 7 50 Enter Mortgage Insurance 1 5 C 1 50 Find Payment p 1 856 32 Future Value Appreciation What will a 250 000 home be worth in three years figuring 6...

Page 23: ...STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter Mortgage 1 7 5 l 175 000 00 Enter Term 2 5 T 25 00 Enter Interest 7 5 7 50 Find Payment p 1 280 22 Find pmts a 1 300 Find ttl int a 209 066 33 Find ttl p...

Page 24: ...nd total interest savings T 61 224 88 Find total interest paid T 206 735 29 Find total principal T 212 500 00 Find total payments T 419 235 29 Find Bi Weekly Payment p 800 77 Setting Qualifying Ratios...

Page 25: ...ualifying mortgage amount price and total payment STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter Income 4 5 i 45 000 00 Enter Debt 2 5 0 D 250 00 Enter Down 2 5 d 25 00 Set Tax 1 5 t 1 50 Enter heating...

Page 26: ...ense of 100 and qualifying ratios of 32 40 Note If you aren t continuing from the previous problem you ll need to re enter interest term and property tax STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter...

Page 27: ...What side is the restricted mort gage based on income or debt What is the total allowable monthly debt STEPS KEYSTROKES DISPLAY Find actual Ratios q q q run 24 00 40 00 Find unrestricted mortgage amo...

Page 28: ...ricted mort gage amount Qualifying Comparison Two Ratios at Once Buyer s Income 50 000 Monthly Debt 125 Property Tax 1 25 Monthly heating cost and condo fees 120 Down Payment 10 Term 25 years Interest...

Page 29: ...al 2 Ratios Q 35 00 42 00 Find Qual 2 maximum Qualifying Mortgage Q 160 923 25 Find Qual 2 P I Payment p 1 152 08 Find Qual 2 Total Payment p 1 458 33 Finding Income Required and Allowable Monthly Deb...

Page 30: ...q 32 00 40 00 Find income required q 55 355 59 Find maximum allowable Monthly Debt q 369 04 Find P I Payment p 1 069 90 Find total p 1 476 15 Cash Flow A real estate investor wishes to purchase a home...

Page 31: ...6 900 00 Enter 4th CF 1 7 2 0 0 c C 4 17 200 00 Enter last CF 2 7 5 c C 5 275 000 00 Find IRR R 9 83 Enter desired rate of return and find NPV 9 s R 7 616 73 Find NFV R 11 719 29 Re display desired ra...

Page 32: ...s INT USA Clear o o 0 00 Enter Loan 2 1 5 l 215 000 00 Enter Term 3 0 T 30 00 Enter Interest 7 5 7 50 Find Payment p 1 503 31 Interest Only Payment Entry How much can you borrow if the interest rate i...

Page 33: ...urance rate of 50 STEPS KEYSTROKES DISPLAY Set Tax 1 5 t 1 50 ANN TAX Set homeowner s insurance 2 5 s t 0 25 ANN INS Set mortgage insurance 5 0 s 9 0 50 ANN M INS Recall Tax t 1 50 Recall insurance s...

Page 34: ...Association Dues 60 Find the PITI total and interest only pay ments STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter Term 3 0 T 25 00 Enter Interest 6 6 00 Enter Price 2 5 5 P 255 000 00 Down 5 d 5 00 Se...

Page 35: ...ying Ratios 28 36 Find qualifying loan price and payment STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter Income 1 0 0 i 100 000 00 Enter Debt 5 5 0 D 250 00 Enter Down 2 5 d 25 00 Set Tax 1 5 t 1 50 Set...

Page 36: ...Qualifying Ratios 28 36 Find qualifying loan price and payment STEPS KEYSTROKES DISPLAY Clear o o 0 00 Enter Income 1 0 0 i 100 000 00 Enter Debt 5 5 0 D 250 00 Enter Down 2 5 d 25 00 Set Tax 1 5 t 1...

Page 37: ...ear o o 0 00 Enter Loan 2 5 0 l 250 000 00 Enter Term 3 0 T 30 00 Enter Interest 6 2 5 6 25 Find P I Pmt p 1 539 29 Enter MI 1 2 0 0 s 9 1 200 00 Find Loan Costs Recall Loan l 250 000 00 Find points x...

Page 38: ...r to the settings below Canadian Interest Mode 12 Periods per Year Property Tax Prop Insurance percent and dollar values Not Permanently Stored Clears Upon O U S Only Mortgage Ins and values Not Perma...

Page 39: ...f your product won t turn on check the battery as outlined in the User s Guide 3 If you need more assistance please go to the website listed below 4 If you believe you need to return your product plea...

Page 40: ...KING OF THE LCD WHICH ARE PRESUMED TO BE DAMAGES RESULTING FROM MISUSE OR ABUSE To obtain warranty service in the U S please go to the web site A repaired or replacement product assumes the remaining...

Page 41: ...ent or employee is authorized to make any modification extension or addition to this warranty Some states do not allow the exclusion or limitation of implied warranties or liability for incidental or...

Page 42: ...echnologies LLC 2006 Pocket Reference Guide copyrighted by Calculated Industries Inc 2006 Qualifier Plus and Calculated Industries are registered trademarks of Calculated Industries Inc ALL RIGHTS RES...