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Calculated Industries 3415 User Manual

Calculated Industries 3415
77 pages
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Q
UALIFIER
P
LUS
®
III
X
ADVANCED RESIDENTIAL REAL ESTATE FINANCE CALCULATOR
with COMPLETE BUYER QUALIFYING
Model 3415
User s Guide

Table of Contents

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Calculated Industries 3415 Specifications

General IconGeneral
Model3415
CategoryCalculator
ManufacturerCalculated Industries
DisplayLCD
Display Digits11
Weight4.8 ounces
Power SourceBattery (LR44)
Dimensions5.7 x 3.0 x 0.6 inches

Summary

Getting Started and Calculator Basics

Key Definitions and Operation

Explains fundamental calculator keys, their definitions, and general operations.

Mortgage Loan Functions (TVM)

Covers keys for loan amount, payments, term, interest, sales price, and LTV.

Financial Calculations & Features

Tax Savings and Rent vs. Buy Tools

Calculates tax savings and compares renting costs against home ownership.

Tax, Insurance, and Expense Inputs

Manages property tax, insurance, and mortgage insurance entries for PITI.

Combo Loan Types (1st/2nd Trust Deeds)

Compares combo loans to single loans and details their comparison functions.

Arithmetic, Settings, and Memory

Basic Arithmetic and Percentage Examples

Demonstrates arithmetic, percentages, and commission calculations.

Calculator Configuration Settings

Covers decimal place selection and preference settings for customization.

Memory Register Functions

Explains accumulative and storage memory registers for data.

Loan Examples and Analysis Tools

Mortgage Loan (TVM) Examples

Provides practical examples for finding loan payments, interest rates, and terms.

Amortization Schedules and Balances

Details amortization schedules, remaining balances, and interest deductions.

APR and Total Finance Charges Calculation

Calculates Annual Percentage Rate and total finance charges accurately.

Balloon Payments and Bi-Weekly Loan Benefits

Covers balloon payments and bi-weekly loan conversions for interest savings.

Buyer Qualification and Advanced Loan Scenarios

Buyer Qualifying Process and Notes

Explains how to use qualifying keys for loan pre-approval and provides notes.

Loan Qualification Examples

Demonstrates specific buyer qualification scenarios and calculations.

Combo Loan Comparison Scenarios

Compares different combo loan structures against fixed-rate loans for clients.

Appendix and Product Support

Calculator Appendix and Error Codes

Covers default settings, error messages, and reset procedures for the calculator.

Product Support, Warranty, and Repair

Details battery replacement, repair, return, and warranty information.

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