Calculated Industries 3442 User Manual page 2

Introducing the M
Mortgage Finance Calculator
The M
ORTGAGE
gage lenders and residential real estate pros. With the push of a few
buttons, it will pre-qualify prospective buyers instantly and solve hun-
dreds of mortgage loan problems, including Pick-A-Payment ARMS
and Combo Loans!
Features:
• Easy and Complete Buyer Qualifying
• Interest-Only Qualifying
• Find Qualifying Loan Amount, Income Required and Maximum
Allowable Debt
• Use 2 Qualifying Ratios at Once to Compare Different Loans
(e.g., conventional vs. FHA/VA loans)
• Instant P&I, PITI, Total Payment, and Interest-Only Payment
• Expanded Tax and Insurance Capabilities
• Built-in Sales Price, Down Payment & LTV
• Works in Annual Term and Interest
• Flexible, "What If" Loan or TVM Calculations — Finds Loan
Amount, Term, Interest or Payment
• Rent vs. Buy
• Estimated Income Tax Savings, Mortgage Interest Deduction
• Date Math, Odd-Days Interest (ODI), Month Offset
• Equity Builder Loans with Comparative Savings
• APR and Total Finance Charges, including Mortgage Insurance
• Complete Amortization
• Remaining Balances/Balloon Payments
• Trust Deeds
• Future Value and Appreciation
• Also Works as a Standard Math Calculator
Pick-A-Payment and Combo (1st/2nd TD) mortgage calculations:
• Pick-A-Payment
• Equity Builder Pick-A-Payment
• Fixed "Combo" Loans
• Pick-A-Payment/Equity Builder Combo Loans
• Loan Savings/Investment Comparisons
ORTGAGE
Q P
UALIFIER LUS PX
Q
UALIFIER
was custom-designed for mort-
2
P ®
2
LUS PX