Calculated Industries 3416 User Guide - Manual (Page 4)

Finding Loan Amount Based on Sales Price and Down
Payment..................................................................................28
Taxes and Insurance..................................................................29
Setting Tax and Insurance % Rates...........................................30
Recalling Tax and Insurance % Rates .......................................30
Setting Tax and Insurance $ ......................................................30
Calculating Tax and Insurance % or $ .......................................31
PITI Payment (Tax and Insurance Entered as %) .....................32
Total Payment (Including Expenses) and Interest-Only
Payment..................................................................................32
Estimated Income Tax Savings and “After-Tax” Payment .........33
Rent vs. Buy...............................................................................34
Adjustable Rate Mortgages........................................................35
ARM Payment —
Worst-Case Scenario ....................................36
ARM Payment — Using Lifetime Cap .......................................37
Decreasing ARM Payment.........................................................38
Increasing and Decreasing ARM Payment ................................38
Amortization and Remaining Balance........................................39
Notes on Amortization................................................................39
Total Principal and Interest for a 30-Year Loan .........................40
Amortization List for Individual Year(s) —
Using “Next” Feature ..............................................................41
Amortization List for Individual Year(s) —
Using Month Offset .................................................................42
Amortization List for Individual Payment(s) ...............................43
Amortization List for a Range of Payments or Years.................44
APR and Total Finance Charges ...............................................45
Finding APR, Total Finance Charges
(Excluding Mortgage Insurance).............................................45
Prepaid/Odd-Days Interest and APR .........................................46
Balloon Payment/Remaining Balance Needed to Pay Off
a Loan.....................................................................................47
Bi-Weekly Loans ........................................................................47
Bi-Weekly Term Reduction and Payment ..................................48
Trust Deeds and Discounted Notes ...........................................48
Purchase Price of a Note —
Fully Amortized ............................49
Finding the Yield on a Discounted Note ....................................49
Finding the Value and Discount of a Trust Deed .......................50
BUYER QUALIFYING...................................................................51
QUALIFYING EXAMPLES ...........................................................53
Recalling Income/Debt Qualifying Ratios ..................................53
Storing New Income/Debt Qualifying Ratios..............................53