Calculated Industries 3405 Manuel utilisateur

This equipment has been certified to comply

with the limits for a Class B computing device,

pursuant to Subpart J of Part 15 of FCC rules.

Software copyrighted and licensed to

Calculated Industries, Inc. by

Real Estate Master Technologies, LLC, 2004.

Pocket Reference Guide copyrighted by

Real Estate Master® and Calculated Industries® are

registered trademarks of Calculated Industries, Inc.

CALCULATED INDUSTRIES®

4840 Hytech Drive

Carson City, NV 89706 U.S.A.

1-800-854-8075 Fax: 1-775-885-4949

E-mail: [email protected]

www.calculated.com

Designed in the USA

Printed in China

3405PRG-E-B

1/04

EAL

STATE

ASTER

III

RESIDENTIAL REAL ESTATE

FINANCE CALCULATOR

Model 3405

Pocket Reference Guide

POCKET REFERENCE GUIDE — 1

The

REAL ESTATE MASTER IIIX

calculator

lets you perform mortgage loan and

financing problems with ease!

Quickly Solve:

• Time-Value-of-Money (TVM) Problems:

Find Loan Amount, Term, Interest,

Payment, Future Value

• Property Tax, Homeowner’s Insurance,

Mortgage Insurance

• P&I, PITI & Interest-Only Payments

• Sales Price and Down Payment

• Rent vs. Buy

• Estimated Income Tax Savings/Deduction

• Adjustable Rate Mortgages (ARMs)

• Amortization and Remaining Balance

• Bi-Weekly Loans

• Date Math Problems

• New! APR, including MI

• New! 80:10:10/80:15:5 Combo Loans

REAL ESTATE MASTER®IIIX

3405PRG-E-B 1/9/04 8:45 AM Page 1

POCKET REFERENCE GUIDE — 2

KEY DEFINITIONS .................................4

Preference Settings —

How to

Access

...............................................9

EXAMPLES...........................................11

Memory —

Add/Subtract/Multiply

......11

Memory/Storage Registers................12

Finding Commission..........................12

Reduction of Listing Price..................13

Date of Escrow Closing.....................13

Monthly Mortgage (P&I) Payment.....14

Term of a Loan ..................................14

Interest Rate......................................15

Loan Amount .....................................15

Loan Amount Based on Sales Price

and Down Payment.........................16

Loan-to-Value ....................................16

Setting Tax and Insurance.................17

P&I, PITI and Interest-Only

Payments.........................................18

Quarterly Payment.............................19

Estimated Tax Savings......................20

Rent vs. Buy......................................21

ARM Payment —

Increasing and

Decreasing Payments

.....................22

Amortization —

Using “Next” Feature

..24

TABLE OF CONTENTS

3405PRG-E-B 1/9/04 8:45 AM Page 2

POCKET REFERENCE GUIDE — 3

Amortization for Individual Year(s)—

Month Offset, Tax Bracket Change

...26

Balloon Payment/Remaining

Balance............................................28

APR and Total Finance Charges,

Including Mortgage Insurance.........29

Prepaid (Odd-Days) Interest and APR,

Including Mortgage Insurance.........30

Appreciation/Future Value .................32

Bi-Weekly Loans................................33

80:10:10 Combo Loan vs. Fixed-Rate

Loan with Mortgage Insurance........34

80:15:5 Combo Loan vs. Fixed-Rate

Loan with Mortgage Insurance........37

APPENDIX ............................................40

Default Settings.................................40

Decimal Place Setting .......................40

Batteries.............................................41

Reset .................................................41

Legal Notes .......................................41

3405PRG-E-B 1/9/04 8:45 AM Page 3

POCKET REFERENCE GUIDE — 4

:Colon separator (used for

dates, ARMs, Amortization

ranges, and Combo loans)

bBackspace key; for back-

ing up/deleting wrong entry

®Recalls or re-displays a

value when followed by a

chosen key (e.g., ® ˆ

will display current interest

value)

µMemory Function:

- µAdds value on dis-

play to Memory

- s µ Subtracts value

on display from Memory

- ® µ Recalls Memory

Total

- ® ® Recalls and

clears Memory Total

sSets number of displayed

decimal places and acti-

vates 2nd functions

s – Change sign

KEY DEFINITIONS

3405PRG-E-B 1/9/04 8:45 AM Page 4

POCKET REFERENCE GUIDE — 5

s x Clear All

(Note: perform

with caution as it will

clear/reset stored values)

s = Preference mode (see pg.

9 for details)

s ÷ Payments per year

(Default 12, for monthly)

s b Periodic (identifies entry as

periodic instead of yearly)

s ) Month offset

s : Odd-days interest

s + Tax bracket %

s p Estimated tax

savings/after-tax payment

s P Rent vs. buy

lLoan amount

pP&I, PITI and interest-only

payment

TNumber of years

ˆAnnual interest rate

s l Future value

3405PRG-E-B 1/9/04 8:45 AM Page 5

POCKET REFERENCE GUIDE — 6

s ˆ APR (annual percentage

rate), including mortgage

insurance, if entered

PSales price of property

dDown payment

s T Bi-Weekly loan

aAmortization function

s a Remaining balance

AAdjustable-rate mortgage

s A ARM decreasing interest

% adjustment

s % ARM lifetime interest cap

tProperty tax (enter as per-

cent or dollar amount)*

IProperty/homeowner’s

insurance (enter as per-

cent or dollar amount)*

3405PRG-E-B 1/9/04 8:45 AM Page 6

POCKET REFERENCE GUIDE — 7

s I Mortgage insurance (enter as

percent or dollar amount)*

*Note: Once Tax/Insurance

% (or $) values are entered

— as well as TVM values

— the second press of

t I

, or press of

I I

will compute the $

(or %); third press finds

monthly amounts

s d For entering (or finding)

Loan-to-Value ratio and

computing respective

Down Payment and/or

Loan Amount

!Used to enter 1st TD

interest:term for Combo

Loans

s ! Used to enter 2nd TD

interest:term for Combo

Loans

3405PRG-E-B 1/9/04 8:45 AM Page 7

POCKET REFERENCE GUIDE — 8

*Combo loan function for an

80:10:10 LTV loan; calcu-

lates 1st/2nd TD values

and compares them to

entered fixed-rate loan

w/mortgage insurance

*You may enter any LTV

prior to pressing this key

(e.g., LTV of 90:5, enter

9 0 : 5 *

)

s * Combo loan function for an

80:15:5 loan; same func-

tion as above key

3405PRG-E-B 1/9/04 8:45 AM Page 8

POCKET REFERENCE GUIDE — 9

Preference Settings —

How to Access

Press

, then

, then keep pressing

to toggle through the main settings.

Press the

key to advance within sub-

setting. Use the

–

key to back up. Press

any key to exit mode.

Press sand then:

1st press

of =Decimal Places:

--Off 0.00 (returns to 2

decimal places @ Off)

+--Permanently holds

decimal place setting

2nd press =Payments PerYear:

--Returns to 12 @ Off)

+--Holds payments/year

3rd press =Tax/Ins. (Cleared or

Stored):

--Clears T&I ($ or %)

values @ Off

+--Permanently holds only

T&I %

+--Permanently holds T&I

($ OR %)

+--Clears T&I ($ or %) @

o o

(Cont’d)

3405PRG-E-B 1/9/04 8:45 AM Page 9

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