Calculated Industries 3442 - Manual (Page 85)

80 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P X2
Default Settings
Performing a total Reset (see next page) will return the calculator to
the following default settings:
• Two Fixed Decimal Places
• 12 Periods per Year = Reset to 12 Upon
O
• Property Ins. = Based on Price
• Property Tax/Ins. = Values Cleared Upon
O
• Mortgage Ins. = Values Cleared Upon o o
• Amortization Range = Specified Year (Ent-Ent)
• Qualifying Ratios Displayed 1st
• Beginning/End Mode = End
• P-A-P Payment Cutoff = 5 Years
• 0 M Recast 10
• 1 M Recast 10
• 3 M Recast 5
• 12 M Recast 5
• 36 M Recast 5
• ALT Recast 5
• Month Offset to January (1)
• Tax Bracket = 21%
• Qual 1 Ratios = 28%-36%
• Qual 2 Ratios = 33%-40%
• P-A-P ROI% = 10%
• P-A-P/EB P-A-P Savings = Years 1-5
• ROI% Investment Savings = Years 1-5
• P-A-P Pmt Cap% = 7.5%
• P-A-P Teaser Term = 0 Month
• Combo Loan 1st:2nd LTV = 80.00%-10.00%
Error Codes
With an incorrect entry or answer beyond the range of the calculator,
the display will show one of the following error messages. To clear
an error, simply press any key.
OFLO — Number Too Large to Display
DIV Error — Attempted to Divide by Zero
TVM Error — Time-Value-of-Money Error
ENT Error — Invalid Entry
PPY Error — Payments Per Year Error
QL Error — Qualifying Error
NTE Error — P-A-P Note Error
APPENDIX