Calculated-industries 3126 Manual de usuario

QUALIFIERPLUS®IICXFor the Real Estate ProfessionalUser’s Guide

First enter a tax bracket, then press [Set][Pmt] to display the annual tax deduction;second press displays the monthly taxdeduction; third press displ

4. Finds the Actual GDSR:TDSR Ratiobased on loan amount, income andother entered values.[Qual 2]Stores additional (i.e., GovernmentFHA/VA) GDSR and TD

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 $95,500,25 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 25 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 Qualifier Plus IIcx . . . . . . . . .3Key Definitions . . . . . . . . . . . . . . . . . . . . . . .4Operating Basics . . . . . . . .

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 THE CALCULATOR —Recalling Tax and Insurance RatesRecall your stored rates by pressing[Rcl] followed by the [Tax], [Ins], or[Mtg Ins] ke

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

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

Amortization & Remaining BalanceUsing the amortization function, youcan find the total interest, principaland remaining balance for an entireloan,

5. In some cases, a final, regular P&Ipayment is included in the “balloonpayment.” Neither calculator includesthis. While calculating the remainin

Total Principal/Total Interest for a LoanFind the total interest payed on a $200,000loan at 9.25% interest over 25 years?Steps/Keystrokes Display1. Tu

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

Created specifically for residential realestate professionals, the enhancedQualifier Plus IIcx is the simplest calcu-lator ever made for residential r

Principal/Interest for a Given PaymentFor a $175,000 loan at 9.25% interestfor 25 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 for25 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.AppreciationYou buy a house for $200,00

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

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] CdA

APR SolutionYou are taking out a real estate loan of$50,000 for 25 years at a quoted rate of9% interest. The loan cost is quoted as1.5 points and $250

QualifyingWhen qualifying a prospective buyer,the [Qual 1] and [Qual 2] keys areused to perform the following qualify-ing functions:1. Store a GDSR:TD

3. Find the Minimum Income Requiredbased on loan amount and otherentered values when income is zero.4. Find the Actual GDSR:TDSR Ratiobased on loan am

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

Setting GDSR:TDSR Qualifying RatiosEnter and permanently store qualify-ing ratios of 32% for GDSR; 40% forTDSR.Steps/Keystrokes Display1. Clear calcu

Steps/Keystrokes Display1. Clear calculator:[On/C] [On/C] 0.002. Recall Tax rate, Insurance rate and Mortgage Insurance rate:[Rcl] [Tax] 0.00[Rcl] [I

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. Recall interest and term:[Rcl] [Int] CdA 8.50[Rcl]

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] 32 : 40[Qual 1] “run” 90,792.445. Find Qual 1 P&I payment, then

Income Required and Allowable Monthly Debt— Sales Price & Down PaymentUsing 32:40 ratios, what income must abuyer earn to purchase a $245,000 home

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

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

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

3. 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” 768.914. 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

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

[Set] [9]Interest Mode: Toggles the mode of interestbetween a semi-annual compounding (forCanadian Mortgages) and a compoundingequal to payment period

Warranty Repair ServiceCalculated Industries, Inc. (“CII”) warrantsthis product against defects in materials andworkmanship for a period of one (1) ye

Non-warranty Repair ServiceNon-warranty repair covers service beyondthe warranty period or service requesteddue to damage resulting from misuse orabus

INDIRECT, SPECIAL, INCIDENTAL, OR CONSE-QUENTIAL DAMAGES RESULTING FROM ANYDEFECT IN THE PRODUCT OR ITS DOCUMEN-TATION.The warranty, disclaimer, and r

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

Qualifier Plus®IIcx and Calculated Industries®are registered trademarks of Calculated Industries, Inc. ALL RIGHTS RESERVEDDesigned in the United State

or dollar amount. Repeated pressestoggle between percent and dollar val-ues. Values of 10 or less are assumed to beannual percentages. Computed from t

[Set] [+]Pro-Mode: Toggles the Pro–Mode setting“On” and “Off” (default). An advanceduser feature, Pro-Mode changes Tax,Insurance, and Mortgage Insuran

using the [Per] key). Continue pressing[Amort] to see the Remaining Balance.U.S.-Mode Only Functions[ARM]Adjustable Rate Mortgage: Calculatespayment a