Calculated Industries 3416 - Mortgage Qualifier Plus

Mortgage Qualifier Plus Overview

Advanced Residential Mortgage Finance Calculator with Complete Buyer Qualifying and Interest-Onl Solutions - The professional's residential mortgage finace calculator provides fast answers to complicated questions, including Interest-Only Payments, Interest-Only Combo Loans and Interest-Only Qualifying. Enter loan data in any order and quickly solve for PITI, Interest-Only loans and all the "what-ifs" of Buyer Qualifying and Rent vs. Buy comparisons.

Features and Benefits

• Qualify for Incom Required, Maximum Loan Amount and Actual Ratios
• New! Interest-Only Qualifying
• Exclusive! Store and use any two sets of ratios (e.g. for Conventional and FHA/VA) or set custom ratios
• Payments: P & I and Interest-Only Payment, PITI Payment, Total Payment with Expense and Mortgage Insurance
• Specialty Payments: Balloon and Bi-Weekly Payments
• Complete Amortization for the total period or any specified range of periods
• Future Value (i.e. Home or Land Apreciation) and Note Yields.
• Combo Loans; Quickly find Payments, Blended Rate, Combined Payments and Total Amounts for any LTV, including Interest-Only 2nd Combo
• Combo Loan Savings; Evaluate a Combo Loan (80-20) compared to a Straight First Loan (100%), with or without Mortgage Insurance
• Rent vs. Buy Comparison: Enter Rent Payment and then quickly find Loan Amount, Price, PITI Payment, Estimated Annual and Monthly Tax Savings
• Adjustable Rate Mortgage (ARM): Simplify complex ARMS. Show your clients the "worst-case" scenario at the touch of a key.
• Tax Savings: Estimates Tax Savings from Mortgage Interest and Property Tax.
• Bi-Weekly Soltions: Compare costs, savings, and loan payback against mothly schedules
• Date Math: Qckly find escrow losing dates o figure how many days are left until closing
• Preference Settings: User-selected options for Payments per Year, Property Tax, Insurance, Mortgage Insurance, Decimal Preference, Tax Bracket %,Amortization and Qualifying Ratios
• Periodic function for specifying a Periodic vs. Annual amount
• Back Space key for easy editing of entered figures
• Multiple Memor Storage
• Works as a Standard Math Calculator

Includes

• Protective Slide Case
• Easy-to-follow User's Guide on CD and Pocket Reference Guide
• Long-life Batteries
• Full One-Year Limited Warranty

Specifications

• Size: 5.5" x 3.0" x 0.5" (140mm x 76mm x 13mm)
• Weight: 3.2 oz. (91 gm.)
• Power: Two 1.5-volt (LR-44) Long-life Batteries
• Display Type: LCD segment; 9 Digits with Annunciators-legends
• Display Dimensions: 0.86" x 2.5" (22mm x 64mm)
• Accuracy: 12 Digit Internal Accuracy