Calculated Industries 3405 Manual de usuario

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

Este manual sirve para los siguientes modelos

Tabla de contenidos

Otros manuales de Calculadora de Calculated Industries

Calculated Industries

Calculated Industries 3420 Manual de usuario

Calculated Industries

Calculated Industries Time Master II Manual de usuario

Calculated Industries

Calculated Industries PIPE TRADES PRO 4095 Manual de usuario

Calculated Industries

Calculated Industries Frame Master II Manual de usuario

Calculated Industries

Calculated Industries SCALE MASTER CLASSIC 6020 Manual de usuario

Calculated Industries

Calculated Industries ScheduleCalc Manual de usuario

Calculated Industries

Calculated Industries 9530 Manual de usuario

Calculated Industries

Calculated Industries Kitchen Calc PRO Master Chef's Edition 8305 Manual de usuario

Calculated Industries

Calculated Industries Construction Master IV Manual de usuario

Calculated Industries

Calculated Industries CONVERSIONCALC PLUS Manual de usuario

Calculated Industries

Calculated Industries Measure Master Pro 4020 Manual de usuario

Calculated Industries

Calculated Industries 3265 Manual de usuario

Calculated Industries

Calculated Industries KitchenCalc 8300 Manual de usuario

Calculated Industries

Calculated Industries 3416 Manual de usuario

Calculated Industries

Calculated Industries PROJECTCALC CLASSIC 8503 Manual de usuario

Calculated Industries

Calculated Industries 9430 Manual de usuario

Calculated Industries

Calculated Industries HeavyCalc Manual de usuario

Calculated Industries

Calculated Industries 3416 Manual de usuario

Calculated Industries

Calculated Industries Ultra Scale Master 6250 Manual de usuario

Calculated Industries

Calculated Industries Construction Master IV Manual de usuario

Calculated Industries

Calculated Industries KitchenCalc 8300 Manual de usuario

Calculated Industries

Calculated Industries MACHINIST CALC PRO Manual de usuario

Calculated Industries

Calculated Industries 3430 Manual de usuario

Calculated Industries

Calculated Industries 3442 Manual de usuario

Manuales populares de Calculadora de otras marcas

HP 35s Manual

Casio

Casio CFX-9970G Manual de usuario

LEXIBOOK

LEXIBOOK EL350 Manual de usuario

HP HP-97 Manual de usuario

Citizen

Citizen SDC-414N Manual de usuario

Casio

Casio fx-3800P Manual de usuario

Canon

Canon P26-DHIII Manual de usuario

Citizen

Citizen 520DPA Manual de usuario

Sharp

Sharp EL-9900 Manual de usuario

Casio

Casio FX-9860GII - SOFTWARE VERSION 2-00 Manual de usuario

Casio

Casio MS-7UC Manual de usuario

Sharp

Sharp WriteView EL-W506 Manual técnico

Casio

Casio FC-200 Manual de usuario

Casio

Casio fx-CG50 Manual de usuario

HP HP-67 Guía del usuario

Royal

Royal CBC2000 Manual de usuario

Heathkit

Heathkit IC-2009 Manual de usuario

Universal

Universal UNV-15907 Manual de usuario