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Key Definitions ..................................................1

Mortgage/TVM Keys ........................................2
Date Key ..........................................................3
Amortization Keys ............................................3
Payments Per Year ..........................................4
Delta Percent ..................................................4
Percentage Calculations ..................................4
Memory ............................................................5
Decimal Place Selection ..................................5
Clear All............................................................5

Loan Examples ..................................................6

Monthly Payment ............................................6
Term ................................................................6
Interest Rate ....................................................6
Loan Amount ....................................................7
Interest-Only Payment (Calculation) ................7
Interest-Only Payment (Entry) ........................8
Quarterly Payment ..........................................8
Amortization - 

Total Interest and Principal Paid   ................8

Total Interest, Principal and Remaining

Balance - for Range of Payments................9

Total Interest, Principal and Remaining

Balance - for Range of Years ....................10

Balloon Payment/Remaining Balance............10
Trust Deed/Purchase Price of a Note -

Fully Amortized ..........................................11

Future Value ..................................................11
Date Examples ..............................................12
Delta % - Rate of Appreciation ......................12

Accuracy and Auto Shut-Off ..........................13
Repair and Return ............................................14
Warranty ............................................................15

Summary of Contents for Mortgage PaymentCalc 3401

Page 1: ...USER S GUIDE Residential Mortgage Finance Calculator Model 3401...

Page 2: ...Payment Calculation 7 Interest Only Payment Entry 8 Quarterly Payment 8 Amortization Total Interest and Principal Paid 8 Total Interest Principal and Remaining Balance for Range of Payments 9 Total I...

Page 3: ...Operation keys Four function x Percent key 0 9 and Digits used for keying in numbers b Backspace key for backing up deleting wrong entry one digit at a time s Used to set or access second functions Al...

Page 4: ...ic Interest Only Payment A term does not need to be entered to solve Interest Only Payments T Term of Loan Enters or solves for the number of years or periods Multiple presses will toggle between annu...

Page 5: ...02 07 This allows you to add or subtract a number of days from a date to find a second date and subtract one date from another date to find the number of days in between Amortization Keys a Amortizati...

Page 6: ...etting 1 2 s or performing a Clear All Reset s x Delta Percent Delta Percent function finds the percent change between two values The key must be pressed to complete the calculation KEYSTROKE DISPLAY...

Page 7: ...the cal culator is turned off or when s is pressed Decimal Place Selection Press s and the number of decimal places desired up to six e g s 1 s 2 etc Pressing s 7 will set the calculator to floating d...

Page 8: ...g does it take to pay off a loan of 275 000 at 6 5 interest if you make payments of 1 700 each month KEYSTROKE DISPLAY o o 0 00 2 7 5 0 0 0 l 275 000 00 6 5 6 50 1 7 0 0 p 1 700 00 T 32 23 What is the...

Page 9: ...t How much can you borrow if the interest rate is 7 75 on a 30 year mortgage and you can afford to pay 1 200 each month KEYSTROKE DISPLAY o o 0 00 7 7 5 7 75 3 0 T 30 00 1 2 0 0 p 1 200 00 l 167 501 3...

Page 10: ...00 1 0 0 0 j 1000 00 l 171 428 57 Quarterly Payment Find the quarterly payment on a 10 year loan of 15 000 at 10 annual interest rate KEYSTROKE DISPLAY o o 0 00 4 s 4 00 1 0 T 10 00 1 5 0 0 0 l 15 000...

Page 11: ...pal and Remaining Balance for Range of Payments How much Total Interest and Principal will you pay in payments 1 5 on a 30 year 100 000 loan at 7 interest What is the Remaining Balance KEYSTROKE DISPL...

Page 12: ...7 7 00 3 0 T 30 00 p 665 30 5 a Range of Payments 1 60 a Total Interest 34 049 74 a Total Principal 5 868 41 a Total Payments 39 918 15 a Remaining Balance 94 131 59 Note Any number entered into a tha...

Page 13: ...a 20 yield KEYSTROKE DISPLAY o o 0 00 2 5 25 00 1 5 T 15 00 1 0 0 p 100 00 l price 4 682 68 2 0 20 00 l new price 5 693 80 Future Value What will a 200 000 house be worth after three years if you fig...

Page 14: ...f today s date is April 26 2007 how many days until it closes Subtract today s date from the closing date KEYSTROKE DISPLAY o o 0 00 6 1 0 0 7 6 10 07 4 2 6 0 7 4 26 07 45 00 Delta Rate of Appreciatio...

Page 15: ...lculator using the end of a paper clip Accuracy The normal display is nine 9 digits Each cal culation is carried out internally to 12 digits Auto Shut Off and Batteries Auto Shut Off After 8 12 minute...

Page 16: ...paperclip or something similar to press the reset located on the back of the calculator 3 If you need more assistance please go to the website listed below 4 If you believe you need to return your pro...

Page 17: ...AMPLES OF DAMAGES NOT COVERED BY WARRANTY INCLUDE BUT ARE NOT LIMITED TO BATTERY LEAKAGE BENDING A BLACK INK SPOT OR VISIBLE CRACKING OF THE LCD WHICH ARE PRESUMED TO BE DAMAGES RESULTING FROM MISUSE...

Page 18: ...TERIAL IS SOLD AS IS AND YOU THE PURCHASER ASSUME THE ENTIRE RISK AS TO ITS QUALITY AND PERFORMANCE IN NO EVENT WILL CI BE LIABLE FOR DIRECT INDIRECT SPECIAL INCIDENTAL OR CONSEQUENTIAL DAMAGES RESULT...

Page 19: ...lculated Industries a leading manufacturer of special function calculators and digital measuring instruments is always looking for new product ideas in these areas If you have an idea or a suggestion...

Page 20: ...es 2006 PaymentCalc is a trademark and Calculated Industries is a registered trademark of Calculated Industries ALL RIGHTS RESERVED CALCULATED INDUSTRIES 4840 Hytech Drive Carson City NV 89706 U S A 1...

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