Calculated-industries 43285 Manuale Utente

USER’SGUIDEQUALIFIER PLUS®IIx DTDESKTOPMODEL 43285RESIDENTIAL REAL ESTATE FINANCE CALCULATORwith exclusive buyer qualifying featuresREAL ESTATE MASTER

(based either on the income ratio or the debtratio). The “non-restrictive” loan amount (theother side) can be found by pressing [Qual 1] athird time.

[Mtg Ins] Mortgage Insurance — Stores and recalls annu-al mortgage insurance (i.e., Private MortgageInsurance) in either percent or dollar amount. Ife

Basic MathThis calculator uses standard chaining logic which simply meansthat you enter your first value, the operator (+, –, x, ÷), the sec-ond value

Date FunctionUsing the [:] key, you can quickly solve common real estate dateproblems: escrow or closing dates, listing expiration dates, andthe numbe

Using the Memory Function Whenever the [M+] key is pressed, the displayed value will beadded to memory. Other memory functions:Function KeystrokesReca

Mortgages & Real Estate Loans1. The financial functions — L/A, Pmt, Int, Term — work justlike you would say them. For example, if you wanted tobor

Finding a Term of a LoanHow long does it take to pay off a loan of $15,000 at 10%interest if you make payments of $181.01 each month?Steps Keystrokes

Non-Monthly Loans & Payments Per Year Most residential real estate loans are paid off monthly. However, ifyou have a non-monthly loan, you must ch

Sales Price/Down PaymentOne of the unique features of this calculator is its ability to workwith not only loan amounts, but with Sales Price and DownP

Finding Sales Price & Monthly Payment Based on L/A & Down PmtFind your maximum sales price if you’ve been approved for$125,000 loan and plan t

IntroductionQUALIFIER PLUS®IIX DTCreated specifically for residential real estate professionals, thenewly-enhanced Qualifier Plus IIx DT is the simple

Taxes & Insurance/PITI PaymentThis calculator has keys that temporarily store Property Tax,Property Insurance and Mortgage Insurance rates to allo

Recalling Tax and Insurance RatesRecall your stored rates:Steps Keystrokes DisplayRecall Tax rate [Rcl] [Tax] 1.00Recall Insurance rate [Rcl] [Ins] 0.

Total PITI Payment with Dollar ValuesFind both the P&I and PITI payment on a new home with a$134,000 selling price, a 15% down payment at 7.75% in

Estimated “After-Tax” Payment Note:This “after-tax” payment calculation is only an estimate, sinceit does not include adjustments for specific tax var

Amortization & Remaining BalanceThe amortization function is quick and simple. It allows you tofind total interest and principal (and remaining ba

[Set] and [:] keys. This allows you to calculate the correctnumber of periods in the amortization range. For example,if the first payment of a loan be

Total Principal & Interest for an Individual Year using Month OffsetThe first payment of a loan begins in May. How much totalinterest and total pr

Principal/Interest for a Given PaymentFor a $175,000 loan at 9.25% interest for 30 years, find outhow much interest and how much principal you pay in

Principal/Interest — Range of Payments/YearsFor a $125,000 loan at 10.25% interest for 30 years, find outhow much interest and how much principal you’

Future Value Given any four components to a problem which includes a futurevalue, you can calculate the fifth.AppreciationYou buy a house for $200,000

Table of ContentsGetting StartedIntroduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1Key Definitions . . . . . . . . . . .

Trust Deeds & Discounted NotesYour calculator easily handles trust-deed purchase price and yield problems. Two things to remember are: (1) when en

Finding the Yield on a Discounted NoteAn individual wants to sell you a note under the followingterms: 60 months remaining in the term, a face amount

APR & Total Finance ChargesSolving for APR/TFC is done in two steps: (1) you set up the loanjust like any other problem (that is, enter three know

Odd Days Interest & APR Odd days interest is the “prepaid” interest accumulated from thedate of escrow closing to the first payment date. It is ba

Now, without clearing the calculator, add the pre-paid interestto the loan’s points and fees if they are equal to 1.5% and$500, respectively. Then fin

Bi-Weekly LoansYour calculator includes a built-in Bi-Weekly loan function ([Set][Term]) which allows you to convert established, fully amortizedmonth

Adjustable Rate MortgagesUsing the [ARM] key, you can quickly and simply find the “adjust-ed” payments for future years on fully and partially amortiz

Find initial monthly pmt [Pmt] “run” 1,322.23Enter ARM parameters 1 [:] 1 [ARM] 1.00 – 1.00Find 1st “adj.” payment [ARM] “ru

Decreasing ARM Payment Calculate the initial monthly payment on a 30-year, $85,000ARM loan at 10% interest, and then find the second and thirdyears’ a

Qualifying The Qualifying functions on your calculator let you qualify buy-ers for mortgage loans in three ways: (1) Loan Amount Availablegiven buyer

Key Definitions[+] [–] [x][÷] [=] Arithmetic operation keys.[0] – [9]& [000] Digits used for keying-in numbers.[•] Decimal point.[Off] Turns all p

5. When calculating Annual Income Required, (based onentered loan amount or sales price, term, interest andstored qualifying ratios) the first press o

Recalling Income/Debt Qualifying RatiosRecall stored ratios:Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Recall qualifying ratios [Rcl]

Re-qualify this buyer assuming $200 per month in additionalhousing expenses.Steps Keystrokes DisplayEnter mo. hsg. expenses 200 [Exp] 200.00Display qu

Using the “Pro-Mode”Now switch to “Pro-Mode” to change the display order.Steps Keystrokes DisplaySet the Pro-Mode “On” [Set] [+] Pro OnFind qualifyin

Steps Keystrokes DisplayEnter down payment 20,000 [Dn Pmt] 20,000.00Enter annual income 68,000 [Inc] 68,000.00Enter monthly debts 750 [Debt] 750.00Set

Steps Keystrokes DisplayClear calculator [On/C] [On/C] 0.00Enter annual income 36,000 [Inc] 36,00.00Enter monthly debts 500 [Debt] 500.00Enter monthly

Solving for Actual Qualifying Ratios with Borrower & Property DataA buyer who makes $85,000 annually and has $1,000 in long-term monthly debts wan

Calculator InformationThe following default settings are built in to this calculator.Performing an All-Clear — [Set] [x] — will return your calculator

Reset KeyIf your calculator should ever “lock up,” press Reset—a small holelocated below the [Set] key—to perform a total reset.BatteryYour calculator

48 – Qualifier Plus®IIx DTCalculated Industries, Inc. (“CI”) warrants this product againstdefects in materials and workmanship for a period of one (1)

[L/A] Loan Amount — Enters or solves for the initialloan amount or present value of a financialproblem.[Int] Interest — Enters or solves for the annua

To obtain warranty or non-warranty repair service for goods pur-chased outside the U.S., contact the dealer through which you ini-tially purchased the

Software copyrighted and licensed to Calculated Industries, Inc.,by Real Estate Master Technologies, LLC, 1999.User’s Guide copyrighted by Calculated

total interest for period range, third press showstotal principal for range, and final press givesremaining balance at end of range.[Bal] Remaining Ba

[Ins] Property Insurance — Stores and recalls annualproperty insurance in either percent or dollaramount. If entered as a dollar amount, a secondpress

[Set] [+] Pro-Mode — Activates Pro-Mode. An advanced-user feature, it changes Tax and Insurance, andMortgage Insurance keys from temporary topermanent

Pressing [Set] [Term] again will return and re-cal-culate to the original term.[Set] [ARM] ARM Rate Increase/Decrease — Changes ARMrate from increasin