Calculated Industries 3442 - Manual (Page 69)

64 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P X2
(Cont’d)
STEPS KEYSTROKES DISPLAY
4. Find the First Five P-A-P Payments: *
Find 1st year payment ∏ 1,000.00
Find 2nd year payment ∏ 1,075.00
Find 3rd year payment ∏ 1,155.63
Find 4th year payment ∏ 1,242.30
Find 5th year payment ∏ 1,335.47
5. Find 5-Year P-A-P Savings (with no ROI% applied), 5-Year ROI%
Savings (based on entered ROI%), and Total Cost:
Display savings/ROI%
range ∏ 1-5**
Display savings (no ROI%) ∏ 20,231.89***
Display stored ROI% ∏ 10.00
Find ROI savings ∏ 27,395.71***
Display range for
P-A-P calculations ∏ 1-30
Display total principal and
interest ∏ 494,825.13***
Display total interest ∏ 244,825.13
Display balance at end
of range ∏ 0.00
6. Enter a lower ROI% of 6.5% (versus above 10%) and Recalculate
the 5-Year Investment Savings:
Enter 6.5% ROI% 6 • 5 % ∏ 6.50
Find ROI Savings ∏ 24,596.54***
*To change the display of P-A-P payments to show all payments, please refer to the
Preference Settings. To change the recast period of your P-A-P loan, please refer to
the Preference Settings (default recast for Zero-month P-A-P is 10 years).
**To Change 5-Year Savings Range: You may calculate the P-A-P/EB P-A-P savings
and ROI% investment savings for less than the first five years (the default setting) by
simply entering the year and then pressing the
∏ or e key. For example, to find
the savings for the first three years, enter 3 ∏ or 3 e and continue pressing
the ∏ or e keys, as above.
***Note that, in this example, the total cost of the P-A-P loan is lower than the fixed-
rate loan (approx. $44.7K less), and the initial savings is high, at over $20K. The
ROI% savings is even higher — at a desired ROI% of 10%, the return is over $27K.
At 6.5% the return is over $24K.