Calculated-industries 3430 Pocket Reference Guide Manuale Utente

QUALIFIER PLUS®IIIFXADVANCED REAL ESTATE FINANCECALCULATOR with CASH FLOWand COMPLETE BUYER QUALIFYINGModel 3430Pocket Reference Guide

POCKET REFERENCE GUIDE — 6R Multi-function key thatcomputes, upon consecu-tive presses: IRR%, NPV& NFV used for cash flowanalysis. (The greater th

POCKET REFERENCE GUIDE — 7Date ExampleIf a 45-day escrow begins June 15 2004,what is the closing date and day?STEPS KEYSTROKES DISPLAYClear o o 0.00

POCKET REFERENCE GUIDE — 8Loan AmountApproximately how much can you borrowif the interest rate is 6.5% on a 30-yearloan and you can afford $1,500 in m

POCKET REFERENCE GUIDE — 9Loan Amount Based on Sales Priceand Down PaymentFind both $ down payment and loanamount if the sales price is $375,500 andyo

POCKET REFERENCE GUIDE — 10Term of a LoanHow long does it take to pay off a loan of$15,000 at 10% interest if you make pay-ments of $200 each month?ST

POCKET REFERENCE GUIDE — 11Setting Tax and InsuranceEnter an annual property tax rate of 1.5%,a hazard insurance rate of 0.25% and amortgage insurance

POCKET REFERENCE GUIDE — 12PITI Payment, Total Payment andInterest-Only Payment• Term: 30 years• Interest: 6.25%• Sales price: $325,000• Down payment:

POCKET REFERENCE GUIDE — 13Find the total payment, if you estimatehomeowner’s association fees at $80/month.Also find the interest-only payment:STEPS

POCKET REFERENCE GUIDE — 14Amortization• Loan: $300,000• Term: 30 years• Interest: 7.5% Find total interest and principal for the lifeof the loan:STEP

POCKET REFERENCE GUIDE — 15Bi-Weekly Loans• Loan: $212,500• Term: 30 years• Interest: 7.85%Find the Bi-Weekly term, savings, interestsavings, total co

The QUALIFIER PLUS IIIFX lets you pre-qual-ify clients and compute financial problemswith ease! Quickly Solve:• Time-Value-of-Money (TVM) Problems:Fin

POCKET REFERENCE GUIDE — 16AppreciationWhat will a $350,000 home be worth in 3years, figuring an inflation or appreciationrate of 6%? STEPS KEYSTROKES

POCKET REFERENCE GUIDE — 17Retirement SavingsIf you invest $10,000 today and $250 inmonthly deposits, what will it be worth in30 years at 7% interest*

POCKET REFERENCE GUIDE — 18APR and Total Finance Charges,Including Mortgage Insurance • Loan: $250,000• Term: 30 years• Interest: 7%• Cost: 1.5 points

POCKET REFERENCE GUIDE — 19ARM Payment — Lifetime Cap• Loan: $230,000• Term: 30 years• Interest: 7.25%• Lifetime cap: 4%• ARM Interest Adjustment: 1%

POCKET REFERENCE GUIDE — 20(Cont’d)STEPS KEYSTROKES DISPLAYFind 3rd “adjusted”payment A 3 2,043.26Find 4th “adjusted”payment A 4 2,204.68 M*Find

POCKET REFERENCE GUIDE — 21Estimated Tax Savings• Loan: $150,000• Buyer’s tax bracket: 28%• Term: 30 years• Interest: 8%• Property taxes: $1,500• Prop

POCKET REFERENCE GUIDE — 22Rent vs. Buy• Term: 30 years Tax: 1.25%• Interest: 7.5% Insurance: 0.35%• Down: 10% Tax bracket: 30%If your client is cur

POCKET REFERENCE GUIDE — 23Setting Qualifying RatiosEnter new qualifying ratios of 30% forIncome and 38% for Debt in q:STEPS KEYSTROKES DISPLAYClear

POCKET REFERENCE GUIDE — 24(Cont’d) Find the Qualifying Loan Amount, Priceand Total Payment:STEPS KEYSTROKES DISPLAYClear o o 0.00Enter income 7 5 )

POCKET REFERENCE GUIDE — 25“Restricted” vs. “Unrestricted”Qualifying• Buyer’s income: $68,000• Monthly debt: $750 • Down$: $5,000 • Property taxes: 1.

KEY DEFINITIONS...4EXAMPLES ...10Date Example ...

POCKET REFERENCE GUIDE — 26(Cont’d)STEPS KEYSTROKES DISPLAYRecall propertyinsurance% ® 8 0.25Re-enter MI% • 6 s 9 0.60Re-enter homeowner’sdues 5 0 e 5

POCKET REFERENCE GUIDE — 27(Cont’d)STEPS KEYSTROKES DISPLAYFind actual ratiosq 22.76-36.00Find “Unrestricted” loanamount q170,870.75 LA INC*Find maxim

POCKET REFERENCE GUIDE — 28Qualifying Comparison (2 Ratios at Once)• Buyer’s income: $55,000• Monthly debt: $500 • Property taxes: 1.25%• Property ins

POCKET REFERENCE GUIDE — 29(Cont’d)STEPS KEYSTROKES DISPLAYFind Qual 1 qualifyingloan q “run” 140,595.95Find Qual 1 P&Ipayment p 865.67Find Qual

POCKET REFERENCE GUIDE — 30Income Required and AllowableMonthly Debt• Sales price: $300,000• Down%: 20%• Property taxes: 1.5%• Property insurance: 0.2

POCKET REFERENCE GUIDE — 31(Cont’d)STEPS KEYSTROKES DISPLAYFind loan l 240,000.00Display qualifyingratios q 28.00 - 36.00Find income required q 79,62

POCKET REFERENCE GUIDE — 3280:10:10 Combo Loan vs. Fixed-RateLoan with Mortgage InsuranceCompare an 80:10:10 Combo Loan vs. aFixed-Rate loan w/mortgag

POCKET REFERENCE GUIDE — 33(Cont’d)STEPS KEYSTROKES DISPLAYClear Tax 0 s 7 0.00ClearInsurance 0 s 8 0.00Solve forpayment p 1,580.17Solve for PITI (inc

POCKET REFERENCE GUIDE — 34(Cont’d)STEPS KEYSTROKES DISPLAYFind equivalent payment forfixed-rate loan with mortgageinsurance * 1,709.34Display monthly

POCKET REFERENCE GUIDE — 35Cash FlowA real estate investor wishes to purchasea home for $225,000 and rent it out. He’dlike a return of 9% and expects

Qualifying Comparison (2 Ratios atOnce)...31Income Required and AllowableMonthly Debt ...

POCKET REFERENCE GUIDE — 36(Cont’d)STEPS KEYSTROKES DISPLAYEnter 3rd CF 1 6 9 0 0 cC-3 16,900.00Enter 4th CF 1 7 2 0 0 cC-4 17,200.00Enter last CF 2

POCKET REFERENCE GUIDE — 37Default Settings• 12 Periods per Year • End Mode• Property Tax/Insurance = Clears Upon O• Mortgage Insurance = Clears upon

POCKET REFERENCE GUIDE — 38Preference SettingsTo access the Preference Mode, presss, then =, then keep pressing = totoggle through the preference sett

POCKET REFERENCE GUIDE — 1Note: This is a short “reference” guide. Pleasesee your Large User’s Guide for details.: Colon separator (used fordate, ARM

POCKET REFERENCE GUIDE — 2s Sets number of displayeddecimal places and acti-vates 2nd functionss – Change sign s x Clear All (Note: performwith cautio

POCKET REFERENCE GUIDE — 3T Number of yearsˆ Annual interest rate orcash flow desired rate ofreturns l Future values ˆ APR (annual percentagerate), in

POCKET REFERENCE GUIDE — 4D Long-term, monthly debt(e.g., car payment)s 7 Property tax (enter as per-cent or dollar amount)s 8 Property/homeowner’sins

POCKET REFERENCE GUIDE — 5* Combo loan function for an80:10:10 LTV* loan; calcu-lates 1st/2nd TD valuesand compares them toentered fixed-rate loanw/mo