Calculated-industries 3416 User Guide Manual de usuario descargar pdf (Pagina 10)

SER

’

UIDE

— 5

Adjustable Rate Mortgage

— Calculates the pay-

ment and re-amortizes a fully or partially amortized

Adjustable Rate Mortgage based on the inputs of

both an Interest Adjustment and a Term Adjustment,

which are entered using the Colon : key (Interest

Adjustment : Term Adjustment). For example, an

ARM which increases 1% every six months is entered

1 : • 5 A; an ARM which decreases 1% every

six months is entered 1 : • 5 s A. (ARM

rates are stored permanently.)

s %

Lifetime Interest Cap (ARMs)

— Sets the lifetime

interest cap for ARMs by entering the maximum

interest increase. This is a permanent setting. To

clear, set the cap back to zero (0 s %).

s T

Bi-Weekly (Bi-Wkly)

— Converts a regular monthly

loan to a Bi-Weekly loan, where the buyer may real-

ize significant interest savings. After loan variables

are entered, pressing s T displays the reduc-

tion in term. The second press of T shows the

total interest savings; third press displays the total

interest

paid

; fourth press displays the total principal;

and fifth press displays the total principal and inter-

est paid. Pressing p will calculate the bi-weekly

payment. Pressing s T again will return and

re-calculate to the original term, or pressing o

twice will exit Bi-Weekly Mode.

1 2 ... 5 6 7 8 9 10 11 12 13 14 15 ... 80 81

Sin comentarios

Calculated-industries 3416 User Guide Manual de usuario Pagina 10