Calculated Industries 3420 Manuel utilisateur

UALIFIER

LUS

III

PROFESSIONAL RESIDENTIAL REAL ESTATE

FINANCE CALCULATOR

with BUILT-IN CANADIAN INTEREST MODE

Model 3420

Pocket Reference Guide

ANADIAN

3420 PRG CVR ENGLISH_mod 7/21/04 1:47 PM Page 1

POCKET REFERENCE GUIDE — 1

The

CANADIAN QUALIFIER PLUS IIIX

calcula-

tor lets you perform mortgage qualifying

and financial problems with ease!

Quickly Solve:

• Time-Value-of-Money (TVM) Problems:

Find Mortgage Amount, Term, Interest,

Payment, Future Value

• P&I payment, PITH/total payment, and

interest-only payment

• Sales Price and Down Payment

• Loan-to-Value

• Complete Amortization

• Bi-Weekly Mortgages

• Qualifying Mortgage Amount

• Required Income/Debt

• Qualifying Based on Different Ratios

• Date Math

• U.S. Loan Problems — TVM problems,

ARMS, APR, Rent vs. Buy, Estimated

Tax Deduction, Tax/Insurance, PITI

Payment, U.S. Qualifying

•

and more!

For product registration, visit

www.calculated.com

CANADIAN QUALIFIER PLUS®IIIX

3420PRG-E-A 7/2/04 9:07 AM Page 1

POCKET REFERENCE GUIDE — 2

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

Canadian/U.S. Interest Modes............8

Preference Mode.................................8

EXAMPLES.............................................9

Basic Math ..........................................9

Percentage Calculations.....................9

Memory Functions.............................10

Setting Decimal Places .....................11

Date Function....................................12

Mortgages and Real Estate

Mortgages.....................................13

EXAMPLES —

CANADIAN MODE

......14

Monthly Mortgage Payment..............14

Term of a Mortgage...........................15

Mortgage Amount..............................15

Interest Rate......................................16

Non-Monthly Mortgages and

Payments Per Year (Pmt/Yr).........17

PITH and Interest-Only Payment......18

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

Mortgage Amount Based on Sales

Price and % Down Payment.........19

Sales Price Based on Mortgage

Amount and % Down Payment.....20

Finding Loan-to-Value (LTV).............20

Future Value (Appreciation) ..............21

TABLE OF CONTENTS

3420PRG-E-A 7/2/04 9:07 AM Page 2

POCKET REFERENCE GUIDE — 3

Amortization (Total Principal/Total

Interest, Remaining Balance)........22

Bi-Weekly Mortgages........................23

Setting Qualifying Ratios...................24

Qualifying Mortgage Amount.............24

“Restricted” vs. “Unrestricted”

Qualifying......................................26

Qualifying Comparison (Two Ratios

at Once) ........................................28

Finding Income Required and

Allowable Monthly Debt ................30

EXAMPLES —

U.S. MODE

..................31

Monthly Loan Payment.....................31

Setting Tax and Insurance ................32

PITI Payment and Interest-Only

Payment........................................33

Qualifying Loan Amount....................34

ARM Payment —

Lifetime Cap

.........35

APR and Total Finance Charges,

Including Mortgage Insurance.......37

Estimated Tax Savings......................38

Rent vs. Buy......................................39

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

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

Repair and Return.............................40

Warranty............................................41

FCC Class B .....................................42

Looking For New Ideas.....................42

3420PRG-E-A 7/2/04 9:07 AM Page 3

POCKET REFERENCE GUIDE — 4

Note: This is a short “reference” guide. Please

see your large User’s Guide for details.

:Colon separator

(for date,

Amortization ranges, ARM

adjustment and qualifying

ratios)

bBackspace

)Triple-zero entry key

µMemory Function:

- µAdds value on dis-

play to Memory

- s µ Subtracts value

on display from Memory

- ® µ Recalls Memory

Total

- ® ® Clears Memory

and displays Memory Total

®Recalls or re-displays a

value when followed by a

chosen key

(e.g.,

® ˆ

will display current interest

value)

KEY DEFINITIONS

3420PRG-E-A 7/2/04 9:07 AM Page 4

POCKET REFERENCE GUIDE — 5

sSets number of displayed

decimal places and acti-

vates 2nd functions

s x Clear All

Note: perform with caution as

it will clear/reset stored values.

s ÷ Payments per year

(Default 12, for monthly)

s – Change sign + or –

s = Preference mode

(see

large User’s Guide)

s ) Month offset

s : Odd-days interest

s T Bi-Weekly mortgage

lMortgage amount or pres-

ent value

pP&I, PITI

(U.S.)

, PITH/total

payment, and interest-only

payment

TNumber of years

ˆAnnual interest rate

s 9 Converts to Canadian or

U.S. Interest Mode

3420PRG-E-A 7/2/04 9:07 AM Page 5

POCKET REFERENCE GUIDE — 6

s l Future value

πPeriod

(identifies entry as

periodic rather than yearly)

PSales Price of home

dDown Payment

(entered in

% or $)

s d Loan-to-Value

(LTV)

aAmortization function

s a Remaining balance

qQualify based on

32%-40%

(Canada)

QQualify based on

35%-42%

(Canada)

iAnnual Income

DLong-term, monthly Debt

tEstimated annual property

Tax

(enter as percent or

dollar amount)

eHousing Expense, includ-

ing monthly heating cost

(Canada)

3420PRG-E-A 7/2/04 9:07 AM Page 6

POCKET REFERENCE GUIDE — 7

U.S. ONLY KEYS:

AAdjustable Rate Mortgage

s A ARM decreasing Interest

% adjustment

s % ARM lifetime Interest Cap

(Cap%)

s ˆ APR

(Annual Percentage

Rate)

, including mortgage

insurance, if entered

s p Estimated tax

savings/after-tax payment

s P Rent vs. Buy

s + Tax bracket %

IEstimated

annual

proper-

ty/homeowner’s insurance

(enter as percent or dollar

amount)

ÂEstimated

annual

mort-

gage insurance, if applica-

ble

(enter as percent or

dollar amount)

3420PRG-E-A 7/2/04 9:07 AM Page 7

POCKET REFERENCE GUIDE — 8

Canadian/U.S. Interest Modes

Your calculator can easily be switched

between Canadian or U.S. Interest Mode

by pressing: s 9

U.S. Mode allows:

• Entry/calculation of U.S. interest

rates.

• Enables selected U.S.-only functions

(e.g., ARM, APR, Rent vs. Buy, Tax

Deduction).

Preference Mode

s = Preference Mode

(see

User’s Guide for details)

Allows you to select special settings. To

access, first press sand then the =

key. Toggle through the various categories

by pressing the =key. Toggle within each

category by pressing the +key. To set

the preference and exit, press the o

key. To reset the calculator back to its

default settings, turn off the calculator,

hold down xand turn back on

(“All

Reset” will flash for one second before

clearing to zero).

3420PRG-E-A 7/2/04 9:07 AM Page 8

POCKET REFERENCE GUIDE — 9

Basic Math

This calculator uses standard chaining

logic. This means the first value is

entered, then an operator, then the sec-

ond value, then the Equals =key to get

your answer.

A. 2 1 6 + 8 4 = 300.00

B. 2 1 6 – 1 6 = 200.00

C. 1 2 x 1 2 = 144.00

D. 1 4 4 ÷ 1 2 = 12.00

Percentage Calculations

The Percent %key is used to find a given

percent of a number or for working add-

on, discount or division percentage calcu-

lations.

A. 8 0 0 x 2 5 % = 200.00

B. 2 5 0 + 1 0 % = 275.00

C. 2 5 – 5 0 % = 12.50

D. 2 0 0 ÷ 5 0 % = 400.00

EXAMPLES

3420PRG-E-A 7/2/04 9:07 AM Page 9

Autres manuels pour 3420

Ce manuel convient aux modèles suivants

Table des matières

Autres manuels Calculated Industries Calculatrice

Calculated Industries

Calculated Industries Measure Master Pro 4020 Manuel utilisateur

Calculated Industries

Calculated Industries Measure Master 4018 Manuel utilisateur

Calculated Industries

Calculated Industries ElectriCalc LT Manuel utilisateur

Calculated Industries

Calculated Industries Construction Master 5 Manuel utilisateur

Calculated Industries

Calculated Industries Real Estate Master IIx Manuel utilisateur

Calculated Industries

Calculated Industries 4054 Manuel utilisateur

Calculated Industries

Calculated Industries Construction Master IV Manuel utilisateur

Calculated Industries

Calculated Industries 43285 Manuel utilisateur

Calculated Industries

Calculated Industries 8509 Manuel utilisateur

Calculated Industries

Calculated Industries 3265 Manuel utilisateur

Calculated Industries

Calculated Industries 4020 Manuel utilisateur

Calculated Industries

Calculated Industries 3416 Manuel utilisateur

Calculated Industries

Calculated Industries Construction Master IV Manuel utilisateur

Calculated Industries

Calculated Industries PIPE TRADES PRO 4095 Manuel utilisateur

Calculated Industries

Calculated Industries Frame Master II Manuel utilisateur

Calculated Industries

Calculated Industries ULTRA MEASURE MASTER 8020 Manuel utilisateur

Calculated Industries

Calculated Industries TimeCard Tabulator II Manuel utilisateur

Calculated Industries

Calculated Industries 4325 Manuel utilisateur

Calculated Industries

Calculated Industries 3416 Manuel utilisateur

Calculated Industries

Calculated Industries 5060 Manuel utilisateur

Calculated Industries

Calculated Industries 9530 Manuel utilisateur

Calculated Industries

Calculated Industries 9130 Manuel utilisateur

Calculated Industries

Calculated Industries PROJECTCALC CLASSIC 8503 Manuel utilisateur

Calculated Industries

Calculated Industries ElectriCalc Pro 5060 Manuel utilisateur

Manuels Calculatrice populaires d'autres marques

HP 35s Manuel

Casio

Casio CFX-9970G Manuel utilisateur

LEXIBOOK

LEXIBOOK EL350 Manuel utilisateur

HP HP-97 Manuel utilisateur

Citizen

Citizen SDC-414N Manuel utilisateur

Casio

Casio fx-3800P Manuel utilisateur

Canon

Canon P26-DHIII Manuel utilisateur

Citizen

Citizen 520DPA Manuel utilisateur

Sharp

Sharp EL-9900 Manuel utilisateur

Casio

Casio FX-9860GII - SOFTWARE VERSION 2-00 Manuel utilisateur

Casio

Casio MS-7UC Manuel utilisateur

Sharp

Sharp WriteView EL-W506 Manuel technique

Casio

Casio FC-200 Manuel utilisateur

Casio

Casio fx-CG50 Manuel utilisateur

HP HP-67 Guide de l'utilisateur

Royal

Royal CBC2000 Manuel utilisateur

Heathkit

Heathkit IC-2009 Manuel utilisateur

Universal

Universal UNV-15907 Manuel utilisateur