Calculated-industries 3125 User Manual

REAL ESTATE MASTER®IIXQUALIFIER PLUS®IIXFor the Real Estate ProfessionalUser’s Guide

[Set] [ARM]ARM Rate Increase/Decrease: ChangesARM function from increasing todecreasing rate.[Set] [Amort]Remaining Balance: DisplaysRemaining Balance

[Qual 2]Stores additional (i.e., GovernmentFHA/VA) Income and Debt ratios andoperates same as the [Qual 1] key.Default Income and Debt ratios for this

Decimal Place SelectionYou can use the [Set] key to perma-nently select the number of decimalplaces displayed. (Values are roundedusing 5/4 rounding.)

Percentage CalculationsThe Percent [%] key is used to find agiven percent of a number or for work-ing add-on, discount or division percent-age calcula

Date FunctionUsing the [:] key, you can quickly solvecommon real estate date problems:escrow or closing dates, listing expirationdates, and the number

Mortgages & Real Estate Loans1. The financial functions; L/A, Pmt, Int,and Term, work like you would saythem. For example, to find the pay-ment on

Finding a Monthly Loan PaymentFind the monthly payment on a $95,500,30 year loan at 7.75% annual interest.Steps/Keystroke Display1. Clear calculator:[

Finding the Interest Rate of a LoanFind the interest rate on a $98,500 mort-gage with a 30 year term and a monthlypayment of $1,150.Steps/Keystrokes D

Non-Monthly Loans & Payments Per Year(Pmt/Yr)Most residential real estate loans are paidmonthly. If paying a non-monthly loan,the number of paymen

Finding a Quarterly PaymentFind the quarterly payment on a 10year loan of $15,000 with an annualinterest rate of 12%.Steps/Keystrokes Display1. Clear

Introducing the Real Estate Master IIx and . . .Qualifier Plus IIx . . . . . . . . . . . . . . . . . . . . . .3Key Definitions . . . . . . . . . .

Sales Price/Down PaymentReview these pointers before workingwith Sales Price and Down Payments.1. When using the [Price], [DnPmt] and[L/A] keys, enter

Finding Sales Price and Monthly PaymentBased on L/A & Down PmtFind your maximum Sales Price ifapproved for a $125,000 loan with a 20%down. Find yo

automatically. If entered as dollaramounts, they need to be re-enteredwith a change in Sales Price or LoanAmount to be correct. The number 10 orless i

— DO NOT CLEAR CALCULATOR —Recalling Tax and Insurance RatesRecall your stored rates by pressing[Rcl] followed by the [Tax], [Ins], or[Mtg Ins] keys:S

Total PITI Payment with PercentagesFind both the P&I and PITI payment ona new home priced at $125,000, with a5% down payment at 8.75% interest for

Total PITI Payment with Dollar ValuesFind both the P&I and PITI payment ona new home selling for $134,000, and a15% down payment at 7.75% interest

Estimated “After-Tax” Payment Buyers in the 28% income tax bracketwant to finance a $150,000 mortgage for30 years at 9.75% interest. If they pay$1,500

If the previous loan started in July, findthe “after-tax” payment.Steps/Keystrokes Display1. Set Month 1 Offset to July:7 [Set] [:] 7.002. Enter tax b

year, press 10 [Set] [Amort]; tofind the remaining balance after the10th period, press 10 [Per] [Set][Amort]).3. Entered ranges are inclusive: That i

[Off] then [On/C], or press 1 [Set][:].Total Principal/Total Interest for a LoanFind the total interest payed on a $200,000loan at 9.25% interest over

Created specifically for residential realestate professionals, the enhanced RealEstate Master IIx and the Qualifier PlusIIx are the simplest calculato

Using Month Offset to Calculate TotalPrincipal & Interest for One Year Your first loan payment begins in May.How much total interest and total pri

Principal/Interest for a Given PaymentFor a $175,000 loan at 9.25% interestfor 30 years, find out how much inter-est and how much principal you payin

Principal/Interest – Range ofPayments/YearsFor a $125,000 loan at 10.25% interest for30 years, how much interest and princi-pal will you pay in paymen

Balloon Payment/Remaining Balance Neededto Pay Off a LoanYou are looking at a new home with thefollowing financing available: Loanamount $125,000 at 8

Future Value Given any four components to a prob-lem which includes a future value, youcan calculate the fifth.App reciationYou buy a house for $200,0

Trust Deeds & Discounted NotesTwo things to remember when calculat-ing trust deed, purchase price and yieldproblems are: 1) When entering or solv-

What if you wanted a 20% yield? Leaveall of the above data the same and re-enter the 20% interest right over the oldrate and then re-calculate the loa

What should you pay for this trust deedif you desire an 18% yield on yourinvestment?Steps/Keystrokes Display1. Enter your desired yield:18 [Int] 18.00

APR SolutionYou are taking out a real estate loan of$50,000 for 30 years at a quoted rate of9% interest. The loan cost is quoted as1.5 points and $250

Odd Days Interest & APR Odd days interest is the “prepaid” interestaccumulated from the date of escrowclosing to the first payment date. It isbase

[+] [–] [x] [÷] [=]Arithmetic operation keys.[0] – [9] [000] and [•]Digits used for keying in numbers.[Off]Turns all power off. The Memory andmost fi

2. Enter loan amount, interest, term and find monthly payment:100,000 [L/A] 100,000.008.5 [Int] 8.5030 [Term] 30.00[Pmt] “run” 768.913. Find days b

Bi-Weekly LoansThe built-in Bi-weekly loan function([Set] [Term]) converts established, fullyamortized monthly loans into bi-week-lies (one-half the m

4. Find Bi-Weekly term, then the total inter-est savings:[Set] [Term] “run” 20.72[Term] – 62,166.785. Find bi-weekly payment:[Pmt] 342.76Adjustable

ters, enter the maximum lifetime inter-est increase then press [Set] [%]. Thispermanently sets the lifetime cap. Toreset the cap to “0,” enter0 then p

ARM Payment — Worst-Case ScenarioFind the initial monthly payment on a 30year, $176,000 mortgage at 8.25% annualinterest rate. Find the second and thi

ARM Payment — Using Lifetime CapUsing the previous loan, add a lifetimecap of 4%, then find the adjusted pay-ments through year six.Steps/Keystrokes

Note: The payment for 4th and 5th adjust-ments (corresponding to the 5th and 6thyears) are the same because the lifetime capwas reached on the 4th adj

The first press of [Qual 1] or [Qual2]displays the stored ratios, the sec-ond press displays the “restrictive”qualifying loan amount, the third presst

PITI payment). Taxes and Insurancerates, if applicable, are computed fromthe Sales Price. Mortgage Insurance iscomputed from the Loan Amount. Note: Al

Qual. Loan Amount Based on Income & DebtWhat size loan can a buyer qualify for ifshe earns $45,000/year, has $500/monthlong term debt and is putti

[Dn Pmt]Down Payment: Enters (in either Percentor Dollars) or calculates a Down Paymentbased on the entries of Loan Amount (orequivalent mortgage comp

Re-qualify this buyer assuming $200 permonth in additional housing expenses.Steps/Keystrokes Display1. Enter monthly housing expenses:200 [Exp] 200.0

“Nonrestrictive” Qualifying L/A & Actual RatiosThe amount calculated in the previousexample is the lower, or “restrictive,”ratio. What does the ot

Using the “Pro-Mode”Now change the order of the qualify-ing display using the “Pro-Mode.” Steps/Keystrokes Display1. Set the Pro-Mode to On:[Set] [+]

Important: Be sure to turn the “Pro-Mode” off ([Set] [+]) before continuing toother problems, as it will store futureamounts entered into the Tax, Ins

3. Set annual property tax rate:1 [Tax] 1.004. Set annual property insurance rate:.5 [Ins] 0.505. Set annual mortgage insurance rate:.25 [Mtg Ins] 0.

Qualifying for both “Conventional” and“Government” Loans Based on Income, Debt,and Expenses — No Tax/Insurance Given a buyer’s annual income of$36,000

4. Find Qual 1 stored ratios then find Qual 1 qualifying loan amount:[Qual 1] 28.00 – 36.00[Qual 1] “run” 77,692.535. Find Qual 1 P & I paymen

Income Required and Allowable Monthly Debt— Sales Price & Down PaymentUsing 28%:36% ratios, what income musta buyer earn to purchase a $245,000hom

Solving for Actual Qualifying Ratios — GivenBoth Borrower & Property DataA buyer with an annual income of$85,000 has $1,000 in long–term month-ly

Default Settings – Performing an AllClear ([Set] [x]) returns these settings totheir original values.◆ 12 Periods per Year◆ Two Fixed Decimal Places◆

[Per]Period: Specifies a mortgage component(Term/Interest) or amortization/remain-ing balance value as “per period” ratherthan “per year.” For example

Warranty Repair Service — USACalculated Industries, Inc. (“CII”) warrantsthis product against defects in materials andworkmanship for a period of one

Non-warranty Repair Service — USANon-warranty repair covers service beyondthe warranty period or service requesteddue to damage resulting from misuse

LIABLE FOR DIRECT, INDIRECT, SPECIAL, INCI-DENTAL, OR CONSEQUENTIAL DAMAGESRESULTING FROM ANY DEFECT IN THE PROD-UCT OR ITS DOCUMENTATION.The warrant

How to Reach CIIHeadquartersUser’s Guide — 63MailCalculated Industries, Inc.4840 Hytech DriveCarson City, NV 89706 USAPhone1-775-885–4900Fax1-775-885–

Qualifier Plus®, Real Estate Master®and Calculated Industries®are registeredtrademarks of Calculated Industries, Inc.©2000.ALL RIGHTS RESERVEDSoftware

1 [:] 1[ARM]. Pressing [Set] [ARM] adjuststhe rate up or down to show future pay-ments. (ARM rates are stored permanently.)[Ins]Property Insurance: St

[Set] [x]All Clear: Clears and resets the calculatorto its default settings and values. Use thiswith caution as it resets ratios, periodsper year, etc

[Set] [:]Month Offset: Used to set the first monthof payment for annual amortization ifother than January. [Set] [000]Odd Days Interest: Calculates th