Calculated Industries 3423 Manuel utilisateur

UALIFIER

LUS

ADVANCED REAL ESTATE FINANCE CALCULATOR

with CASH FLOW and BUILT-IN

CANADIAN INTEREST MODE

Model 3423

Pocket Reference Guide

ANADIAN

The

CANADIAN QUALIFIER PLUS 4X

calculator

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 and Total (PITH) payment

• Sales Price and Down Payment

• Loan-to-Value

• Complete Amortization

• Bi-Weekly Mortgages

• Qualifying Mortgage Amount

• Required Income/Debt

• Effective Interest Rate

• Qualifying Based on Different Ratios

• Cash Flows/Interest Analysis (IRR, NPV,

NFV)

• Date Math

• U.S. Loan Problems — TVM problems,

APR, Tax/Insurance, PITI Payment, U.S.

Qualifying

•

and more!

For product registration, visit

www.calculated.com

CANADIAN QUALIFIER PLUS®4X

KEY DEFINITIONS...................................1

Canadian/U.S. Interest Modes..............5

Preference Mode...................................6

EXAMPLES...............................................6

Basic Math ............................................6

Percentage Calculations.......................6

Memory Functions.................................7

Delta % - Rate of Appreciation..............7

Setting Decimal Places.........................8

Using the Meters and Feet

Conversion Function.........................8

Date Function......................................10

EXAMPLES —

CANADIAN MODE

........11

Mortgages and Real Estate

Mortgages........................................11

Monthly Mortgage Payment................12

Term of a Mortgage.............................12

Mortgage Amount................................13

Interest Rate........................................13

Effective Interest Rate.........................14

Non-Monthly Mortgages and

Payments Per Year (Pmt/Yr)...........14

Total (PITH) Payment..........................15

Quarterly Payment..............................16

Mortgage Amount Based on Sales

Price and % Down Payment...........16

Sales Price Based on Mortgage

Amount and % Down Payment.......17

Finding Loan-to-Value (LTV)...............17

Canadian Mortgage Insurance............18

Future Value (Appreciation) ................18

Amortization (Total Principal/Total

Interest, Remaining Balance)..........19

Bi-Weekly Mortgages..........................20

TABLE OF CONTENTS

Setting Qualifying Ratios ....................20

Qualifying Mortgage Amount ..............21

“Restricted” Qualifying ........................22

“Unrestricted” Qualifying ....................23

Qualifying Comparison (Two Ratios

at Once) ..........................................24

Finding Income Required and

Allowable Monthly Debt ..................25

Cash Flow ..........................................26

EXAMPLES —

U.S. MODE

....................28

Monthly Loan Payment ......................28

Interest-Only Payment (Entry) ............28

Setting Tax and Insurance ..................29

PITI Payment and Interest-Only

Payment..........................................30

Qualifying Loan Amount......................31

Interest-Only Qualifying Loan Amount ..32

APR and Total Finance Charges,

Including Mortgage Insurance ........33

APPENDIX..............................................34

Default Settings ..................................34

Repair and Return ..............................35

Warranty..............................................36

FCC Class B ......................................37

Looking For New Ideas ......................37

POCKET REFERENCE GUIDE — 1

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

see your large User’s Guide for details.

On/Clear Key

— Turns on

power. Pressing once clears

the display. Pressing twice

clears all temporary values.

Off Key

— Turns all power

off, clearing all non-perma-

nent registers.

+ – x Arithmetic operation keys.

÷ =

Percent Key

— Four-function

(+, –, x, ÷) percent key.

0– 9Keys used for entering

and •numbers.

:Colon separator

(for date,

Amortization ranges, and

qualifying ratios)

bBackspace

)Triple-zero entry key

µMemory Function:

- µAdds value on display

to Memory

- s µ Subtracts value

on display from Memory

- ® µ Recalls Memory

Total

- ® ® Clears Memory

and displays Memory Total

KEY DEFINITIONS

®Recalls or re-displays a

value when followed by a

chosen key

(e.g.,

® ˆ

will display current interest

value)

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)

Meters to Feet (m4ft)

—

Converts entered value from

Meters to Feet.

s w

Feet to Meters (ft4m)

—

Converts entered value from

Feet to Meters.

Meters2to Feet2(m2

4ft2)

—

Converts entered value from

Meters squared to Feet

squared.

s W

Feet2 to Meters2(ft24m2)

—

Converts entered value from

Feet squared to Meters

squared.

POCKET REFERENCE GUIDE — 2

s %

Delta Percent ( )

—

Finds

the percent change between

two values.

s ) Month Offset

s T Bi-Weekly mortgage

lMortgage amount or present

value

pP&I, PITI

(U.S.)

, Total

(PITH) payment, and inter-

est-only payment (U.S.)

TNumber of years

ˆAnnual interest rate

s ˆ

Effective Interest Rate

(Eff%)

— Converts value

stored as interest to equiva-

lent U.S. rate.

s + Switches between Canadian

and U.S. Interest Mode

s l Future value

s b

Periodic

— Identifies entry

as periodic rather than yearly

PSales Price of home

dDown Payment

(entered in

percent or dollar amount)

s d Loan-to-Value

(LTV)

aAmortization function

s a Remaining balance

qQualify based on

32%-40%

(Canada)

POCKET REFERENCE GUIDE — 3

QQualify based on

35%-42%

(Canada)

iAnnual Income

DLong-term, monthly Debt

tEstimated annual property

Tax

(enter as percent or

dollar amount)

s t

Property Insurance

—

Used for calculating the

Total Payment and for

Qualifying

s D Housing Expense, including

monthly heating cost

(Canada)

CCanadian Mortgage

Insurance

cUsed to enter up to 20 Cash

Flows

s c Used to enter Frequency

RInternal Rate of Return

s R Net Present Value/Net

Future Value

s 6 Clears Cash Flows

POCKET REFERENCE GUIDE — 4

U.S. ONLY KEYS:

s ˆ APR

(Annual % Rate)

including mortgage insur-

ance, if entered

s p Interest-Only Payment

s 9 Estimated

annual

mortgage

insurance, if applicable

(enter as percent or dollar

amount)

Note: The mortgage insurance

preference setting only works with

U.S. mortgage insurance

. It does not affect Canadian

mortgage insurance

(C)

s q Interest-only qualifying

based on 32% - 40% ratios.

s Q Interest-only qualifying

based on 35% - 42% ratios.

s : Odd-days interest

Canadian/U.S. Interest Modes

Your calculator can easily be switched

between Canadian or U.S. Interest Mode

by pressing: s +

U.S. Mode allows:

•Entry/calculation of U.S. interest rates.

•Entry/calculation of U.S. mortgage

insurance (s 9).

•Entry/calculation of interest-only pay-

ment.

• APR calculation.

• Interest-Only Qualifying

POCKET REFERENCE GUIDE — 5

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 okey. To

reset the calculator back to its default set-

tings, turn off the calculator, hold down x

and turn back on

(“All Reset” will flash for

one second before clearing to zero).

Basic Math

This calculator uses standard chaining

logic. This means the first value is entered,

then an operator, then the second 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 calculations.

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

POCKET REFERENCE GUIDE — 6

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