Calculated Industries 3405 Manuale utente
This equipment has been certified to comply
with the limits for a Class B computing device,
pursuant to Subpart J of Part 15 of FCC rules.
Software copyrighted and licensed to
Calculated Industries, Inc. by
Real Estate Master Technologies, LLC, 2004.
Pocket Reference Guide copyrighted by
Calculated Industries, Inc. © 2004.
Real Estate Master® and Calculated Industries® are
registered trademarks of Calculated Industries, Inc.
ALL RIGHTS RESERVED
CALCULATED INDUSTRIES®
4840 Hytech Drive
Carson City, NV 89706 U.S.A.
1-800-854-8075 Fax: 1-775-885-4949
www.calculated.com
Designed in the USA
Printed in China
3405PRG-E-B
1/04
R
EAL
E
STATE
M
ASTER
®
III
X
RESIDENTIAL REAL ESTATE
FINANCE CALCULATOR
Model 3405
Pocket Reference Guide
POCKET REFERENCE GUIDE — 1
The
REAL ESTATE MASTER IIIX
calculator
lets you perform mortgage loan and
financing problems with ease!
Quickly Solve:
• Time-Value-of-Money (TVM) Problems:
Find Loan Amount, Term, Interest,
Payment, Future Value
• Property Tax, Homeowner’s Insurance,
Mortgage Insurance
• P&I, PITI & Interest-Only Payments
• Sales Price and Down Payment
• Rent vs. Buy
• Estimated Income Tax Savings/Deduction
• Adjustable Rate Mortgages (ARMs)
• Amortization and Remaining Balance
• Bi-Weekly Loans
• Date Math Problems
• New! APR, including MI
• New! 80:10:10/80:15:5 Combo Loans
REAL ESTATE MASTER®IIIX
3405PRG-E-B 1/9/04 8:45 AM Page 1
POCKET REFERENCE GUIDE — 2
KEY DEFINITIONS .................................4
Preference Settings —
How to
Access
...............................................9
EXAMPLES...........................................11
Memory —
Add/Subtract/Multiply
......11
Memory/Storage Registers................12
Finding Commission..........................12
Reduction of Listing Price..................13
Date of Escrow Closing.....................13
Monthly Mortgage (P&I) Payment.....14
Term of a Loan ..................................14
Interest Rate......................................15
Loan Amount .....................................15
Loan Amount Based on Sales Price
and Down Payment.........................16
Loan-to-Value ....................................16
Setting Tax and Insurance.................17
P&I, PITI and Interest-Only
Payments.........................................18
Quarterly Payment.............................19
Estimated Tax Savings......................20
Rent vs. Buy......................................21
ARM Payment —
Increasing and
Decreasing Payments
.....................22
Amortization —
Using “Next” Feature
..24
TABLE OF CONTENTS
3405PRG-E-B 1/9/04 8:45 AM Page 2
POCKET REFERENCE GUIDE — 3
Amortization for Individual Year(s)—
Month Offset, Tax Bracket Change
...26
Balloon Payment/Remaining
Balance............................................28
APR and Total Finance Charges,
Including Mortgage Insurance.........29
Prepaid (Odd-Days) Interest and APR,
Including Mortgage Insurance.........30
Appreciation/Future Value .................32
Bi-Weekly Loans................................33
80:10:10 Combo Loan vs. Fixed-Rate
Loan with Mortgage Insurance........34
80:15:5 Combo Loan vs. Fixed-Rate
Loan with Mortgage Insurance........37
APPENDIX ............................................40
Default Settings.................................40
Decimal Place Setting .......................40
Batteries.............................................41
Reset .................................................41
Legal Notes .......................................41
3405PRG-E-B 1/9/04 8:45 AM Page 3
POCKET REFERENCE GUIDE — 4
:Colon separator (used for
dates, ARMs, Amortization
ranges, and Combo loans)
bBackspace key; for back-
ing up/deleting wrong entry
®Recalls or re-displays a
value when followed by a
chosen key (e.g., ® ˆ
will display current interest
value)
µMemory Function:
- µAdds value on dis-
play to Memory
- s µ Subtracts value
on display from Memory
- ® µ Recalls Memory
Total
- ® ® Recalls and
clears Memory Total
sSets number of displayed
decimal places and acti-
vates 2nd functions
s – Change sign
KEY DEFINITIONS
3405PRG-E-B 1/9/04 8:45 AM Page 4
POCKET REFERENCE GUIDE — 5
s x Clear All
(Note: perform
with caution as it will
clear/reset stored values)
s = Preference mode (see pg.
9 for details)
s ÷ Payments per year
(Default 12, for monthly)
s b Periodic (identifies entry as
periodic instead of yearly)
s ) Month offset
s : Odd-days interest
s + Tax bracket %
s p Estimated tax
savings/after-tax payment
s P Rent vs. buy
lLoan amount
pP&I, PITI and interest-only
payment
TNumber of years
ˆAnnual interest rate
s l Future value
3405PRG-E-B 1/9/04 8:45 AM Page 5
POCKET REFERENCE GUIDE — 6
s ˆ APR (annual percentage
rate), including mortgage
insurance, if entered
PSales price of property
dDown payment
s T Bi-Weekly loan
aAmortization function
s a Remaining balance
AAdjustable-rate mortgage
s A ARM decreasing interest
% adjustment
s % ARM lifetime interest cap
tProperty tax (enter as per-
cent or dollar amount)*
IProperty/homeowner’s
insurance (enter as per-
cent or dollar amount)*
3405PRG-E-B 1/9/04 8:45 AM Page 6
POCKET REFERENCE GUIDE — 7
s I Mortgage insurance (enter as
percent or dollar amount)*
*Note: Once Tax/Insurance
% (or $) values are entered
— as well as TVM values
— the second press of
t I
, or press of
s
I I
will compute the $
(or %); third press finds
monthly amounts
s d For entering (or finding)
Loan-to-Value ratio and
computing respective
Down Payment and/or
Loan Amount
!Used to enter 1st TD
interest:term for Combo
Loans
s ! Used to enter 2nd TD
interest:term for Combo
Loans
3405PRG-E-B 1/9/04 8:45 AM Page 7
POCKET REFERENCE GUIDE — 8
*Combo loan function for an
80:10:10 LTV loan; calcu-
lates 1st/2nd TD values
and compares them to
entered fixed-rate loan
w/mortgage insurance
*You may enter any LTV
prior to pressing this key
(e.g., LTV of 90:5, enter
9 0 : 5 *
)
s * Combo loan function for an
80:15:5 loan; same func-
tion as above key
3405PRG-E-B 1/9/04 8:45 AM Page 8
POCKET REFERENCE GUIDE — 9
Preference Settings —
How to Access
Press
s
, then
=
, then keep pressing
=
to toggle through the main settings.
Press the
+
key to advance within sub-
setting. Use the
–
key to back up. Press
any key to exit mode.
Press sand then:
1st press
of =Decimal Places:
--Off 0.00 (returns to 2
decimal places @ Off)
+--Permanently holds
decimal place setting
2nd press =Payments PerYear:
--Returns to 12 @ Off)
+--Holds payments/year
3rd press =Tax/Ins. (Cleared or
Stored):
--Clears T&I ($ or %)
values @ Off
+--Permanently holds only
T&I %
+--Permanently holds T&I
($ OR %)
+--Clears T&I ($ or %) @
o o
(Cont’d)
3405PRG-E-B 1/9/04 8:45 AM Page 9
Questo manuale è adatto per i seguenti modelli
1
Indice
Altri manuali Calculated Industries Calcolatrice
Calculated Industries
Calculated Industries 4054 Manuale utente
Calculated Industries
Calculated Industries 3420 Manuale utente
Calculated Industries
Calculated Industries 3442 Manuale utente
Calculated Industries
Calculated Industries 8015 Manuale utente
Calculated Industries
Calculated Industries 8525 Manuale utente
Calculated Industries
Calculated Industries 3430 Manuale utente
Calculated Industries
Calculated Industries Construction Master IV Manuale utente
Calculated Industries
Calculated Industries 9430 Manuale utente
Calculated Industries
Calculated Industries SCALE MASTER CLASSIC 6020 Manuale utente
Calculated Industries
Calculated Industries 9130 Manuale utente
Calculated Industries
Calculated Industries 5060 Manuale utente
Calculated Industries
Calculated Industries 9530 Manuale utente
Calculated Industries
Calculated Industries 5065 Manuale utente
Calculated Industries
Calculated Industries 3416 Manuale utente
Calculated Industries
Calculated Industries KitchenCalc 8300 Manuale utente
Calculated Industries
Calculated Industries 4065 Construction Master Pro v3.0 Manuale utente
Calculated Industries
Calculated Industries Measure Master Pro 4020 Manuale utente
Calculated Industries
Calculated Industries PIPE TRADES PRO 4095 Manuale utente
Calculated Industries
Calculated Industries CONVERSIONCALC PLUS Manuale utente
Calculated Industries
Calculated Industries 4030 Manuale utente
