Calculated-industries 3405-D User Manual

POCKET REFERENCE GUIDE — 9Preference Settings — How to AccessPress s, then =, then keep pressing=to toggle through the main settings.Press the +key to

POCKET REFERENCE GUIDE — 10(Cont’d)4th press = Mortgage Insurance(Cleared or Stored):--Clears MI ($ or %) @o o+ --Clears MI ($ or %) @ Off+ --Holds on

POCKET REFERENCE GUIDE — 11Memory — Add/Subtract/MultiplyAdd 1,500 and 2,650 to the cumulativeMemory (M+). Compute subtotal, thensubtract 2,000 and fi

POCKET REFERENCE GUIDE — 12Memory/Storage RegistersStore 10, 20, 30 into Memory Storagekeys M0-M2 and recall each value. Thenclear all stored numbers.

POCKET REFERENCE GUIDE — 13Reduction of Listing PriceA seller is anxious to sell his home andwishes to reduce the listing price by 5%.What is the new

POCKET REFERENCE GUIDE — 14Monthly Mortgage (P&I) PaymentFind the monthly (P&I) payment on a 30-year, fixed-rate loan of $265,000 at 6.75%annu

POCKET REFERENCE GUIDE — 15Interest RateFind the interest rate on a mortgage if theloan amount is $98,500, term is 30 yearsand payment is $1,150 a mon

POCKET REFERENCE GUIDE — 16Loan Amount Based on Sales Priceand Down PaymentFind both down payment dollar amountand loan amount if the sales price is$3

POCKET REFERENCE GUIDE — 17Setting Tax and InsuranceEnter an annual property tax rate of 1.5%,a property/homeowner’s insurance rate of0.25% and a mort

POCKET REFERENCE GUIDE — 18P&I, PITI and Interest-Only Payments• Term: 30 years• Interest: 6.25%• Sales price: $325,000• Down payment: 5% • Proper

POCKET REFERENCE GUIDE — 1The REAL ESTATE MASTER IIIXcalculatorlets you perform mortgage loan andfinancing problems with ease! Quickly Solve:• Time-Va

POCKET REFERENCE GUIDE — 19Quarterly PaymentFind the quarterly payment on a 10-yearloan of $15,000 with an annual interestrate of 12%:STEPS KEYSTROKES

POCKET REFERENCE GUIDE — 20Estimated Tax Savings• Loan: $150,000• Buyer’s tax bracket: 28%• Term: 30 years• Interest: 8%• Property taxes: $1,500• Prop

POCKET REFERENCE GUIDE — 21Rent vs. Buy• Term: 30 years Property Tax: 1.25%• Interest: 7.5% Property Ins: 0.35%• Down: 10% Tax bracket: 30%If your c

POCKET REFERENCE GUIDE — 22ARM Payment — Increasing andDecreasing Payments• Loan: $225,000• Term: 30 years• Start interest: 4.25%• 1st ARM interest ad

POCKET REFERENCE GUIDE — 23(Cont’d)STEPS KEYSTROKES DISPLAYFind “adjusted” higher payment for next6 months A “run” 1 1,240.73Enter 2nd ARMparamete

POCKET REFERENCE GUIDE — 24Amortization — Using “Next” Feature• Loan: $300,000• Term: 30 years• Interest: 7.5%• Start Month: January• Tax Bracket: 28%

POCKET REFERENCE GUIDE — 25(Cont’d)STEPS KEYSTROKES DISPLAYFind totalpaymentsa 25,171.72Find balance a 297,234.50Remaining terma 29.00Tax deduction a

POCKET REFERENCE GUIDE — 26Amortization for Individual Year(s) —Month Offset, Tax Bracket Change• Loan: $300,000• Term: 30 years• Interest: 7.5% • Sta

POCKET REFERENCE GUIDE — 27(Cont’d)STEPS KEYSTROKES DISPLAYRemainingbalance a 297,709.89Remaining terma 29.17Mortgage interest deduction/Year 1 (@30%t

POCKET REFERENCE GUIDE — 28Balloon Payment/Remaining Balance• Loan: $300,000• Term: 30 years• Interest: 7.5% Find remaining balance after 10 years:STE

POCKET REFERENCE GUIDE — 2KEY DEFINITIONS...4Preference Settings — How toAccess...

POCKET REFERENCE GUIDE — 29APR and Total Finance Charges,Including Mortgage Insurance • Loan: $250,000• Term: 30 years• Interest: 7%• Cost: 1.5 points

POCKET REFERENCE GUIDE — 30Prepaid (Odd-Days) Interest and APR,Including Mortgage Insurance• Loan: $350,000• Term: 30 years• Interest: 6%• Cost: 1.5 p

POCKET REFERENCE GUIDE — 31(Cont’d)Find Loan Costs:STEPS KEYSTROKES DISPLAYRecall loan ® l 350,000.00Find points x 1 • 5 % = 5,250.00Add fees and find

POCKET REFERENCE GUIDE — 32Appreciation/Future ValueWhat will a $350,000 home be worth in 3years, figuring an inflation or appreciationrate of 6%? STE

POCKET REFERENCE GUIDE — 33Bi-Weekly Loans• Loan: $212,500• Term: 30• Interest: 7.85%Find the Bi-Weekly term, savings, interestsavings, total cost, an

POCKET REFERENCE GUIDE — 3480:10:10 Combo Loan vs. Fixed-RateLoan with Mortgage InsuranceCompare an 80:10:10 Combo Loan vs. aFixed-Rate loan w/mortgag

POCKET REFERENCE GUIDE — 35(Cont’d)STEPS KEYSTROKES DISPLAYEnter interest6 • 5 ˆ 6.50Enter term 3 0 T 30.00Enter MI% • 6 2 s I 0.62Clear Tax 0 t 0.00

POCKET REFERENCE GUIDE — 36(Cont’d)STEPS KEYSTROKES DISPLAYFind 1st/2nd TD combined monthlypayment * 1,605.87Find equivalent payment forfixed-rate loa

POCKET REFERENCE GUIDE — 3780:15:5 Combo Loan vs. Fixed-RateLoan with Mortgage InsuranceCompare an 80:15:5 Combo Loan vs. aFixed-Rate loan w/mortgage

POCKET REFERENCE GUIDE — 38(Cont’d)STEPS KEYSTROKES DISPLAYClear Insurance*0 I 0.00Solve forpayment p 2,098.43Solve for total payment (including PMI)

POCKET REFERENCE GUIDE — 3Amortization for Individual Year(s)—Month Offset, Tax Bracket Change...26Balloon Payment/RemainingBalance...

POCKET REFERENCE GUIDE — 39(Cont’d)STEPS KEYSTROKES DISPLAYFind equivalent payment forfixed-rate loan with mortgageinsurance * 2,279.26Display monthly

POCKET REFERENCE GUIDE — 40Default SettingsPerforming a Reset will return your calcu-lator to the default settings below:• 12 Periods per Year • Prope

POCKET REFERENCE GUIDE — 41BatteriesReplacing the Batteries: Slide open andremove the battery door (located on upperbackside of calculator). Remove th

POCKET REFERENCE GUIDE — 42Notes

POCKET REFERENCE GUIDE — 4: Colon separator (used fordates, ARMs, Amortizationranges, and Combo loans) b Backspace key; for back-ing up/deleting wrong

POCKET REFERENCE GUIDE — 5s x Clear All (Note: performwith caution as it willclear/reset stored values)s = Preference mode (see pg.9 for details)s ÷ P

POCKET REFERENCE GUIDE — 6s ˆ APR (annual percentagerate), including mortgageinsurance, if enteredP Sales price of propertyd Down payments T Bi-Weekly

POCKET REFERENCE GUIDE — 7s I Mortgage insurance (enter aspercent or dollar amount)**Note: Once Tax/Insurance% (or $) values are entered— as well as T

POCKET REFERENCE GUIDE — 8* Combo loan function for an80:10:10 LTV loan; calcu-lates 1st/2nd TD valuesand compares them toentered fixed-rate loanw/mor