Decreasing Arm Payment; Increasing And Decreasing Arm Payment - Calculated Industries 3430 User Manual

Decreasing ARM Payment

Calculate the initial monthly P&I payment on a 30-year, $250,000
ARM loan at 5% interest, and then find the second and third years'
adjusted payments if the loan's interest rate decreases 1% at the
end of each year.
STEPS
Clear calculator
Enter Loan Amount
Enter Term in years
Enter annual Interest rate
Find initial monthly P&I
Payment
Enter ARM parameters
Find 1st lower ARM
payment*
Find 2nd lower ARM
payment*
*For second and third year payments.

Increasing and Decreasing ARM Payment

Find the ARM payments for a $300,000, 30-year ARM loan that
starts out at 5% but increases 1% after six months and then
decreases 1.5% after an additional 12 months.
STEPS
Clear calculator
Enter Loan Amount
Enter Term in years
Enter annual Interest rate
Find initial monthly P&I
Payment
Enter 1st ARM adjustment 1 : • 5 A
Find higher ARM payment A
Enter 2nd ARM adjustment 1 • 5 : 1 s A
Find lower ARM payment
54 — Q
UALIFIER
KEYSTROKES
o o
2 5 0 ) l
3 0 T
5 ˆ
p
1 : 1 s A
A
A
KEYSTROKES
o o
3 0 0 ) l
3 0 T
5 ˆ
p
A
P ® III
LUS FX
250,000.00
"run" 1,342.05
-1.00 - 1.00
1 ARM 1,197.01
2 ARM 1,064.20
300,000.00
"run" 1,610.46
1.00 - 0.50
"run" 1 ARM 1,796.41
-1.50 - 1.00
"run" 1 ARM 1,527.15
DISPLAY
0.00
30.00
5.00
DISPLAY
0.00
30.00
5.00