Calculated Industries 3125 User Manual
Page 9
[Set] [:]
Month Offset:
Used to set the first month
of payment for annual amortization if
other than January.
[Set] [000]
Odd Days Interest:
Calculates the pre-
paid interest, or simple interest accumu-
lated (based on a 360 day year) during the
days before the first loan payment. Uses
stored Interest value.
[Set] [Pmt]
Estimated After-Tax Payment:
Calculates
an estimated “after-tax” payment if loan
variables and property taxes are entered.
First enter a tax bracket, then press
[Set]
[Pmt]
to display the annual tax deduction;
second press displays the monthly tax
deduction; third press displays the “after-
tax” payment.
[Set] [Term]
Bi-Weekly Mortgage function:
Converts
between monthly and bi-weekly loans.
A second press of
[Term]
while in bi-
weekly mode, displays the total interest
savings.
[Set] [Int]
AnnualPercentageRate(APR):
Calculates
APR (for fixed rates only), based on the
entry of points and/or nonrecurring loan
fees paid at initiation. Not used for ARM.
User’s Guide — 9