Calculated-industries 3430 User Guide Manual de usuario descargar pdf (Pagina 10)

SER’S GUIDE — 9

A 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 year is entered 1

:1 A; an ARM which decreases 1% per year is

entered 1 : 1 s A. (ARM rates are stored

permanently.)

s % Lifetime Interest Cap (Cap%) — 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.

s + Tax Bracket (Tax Brkt%) — Enters a buyer’s tax

bracket for figuring Rent vs. Buy calculations, for

calculating Tax Savings, or for calculating an esti-

mated mortgage interest tax deduction in the

Amortization calculation. Press ® + to display

stored percentage. (Default = 28%)

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Calculated-industries 3430 User Guide Manual de usuario Pagina 10