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Advanced Residential Mortgage Finance Calculator with Complete Buyer Qualifying and Interest-Only Solutions
The professional’s residential mortgage finance 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.
It is versatile and helps you solve for:
Conventional, FHA/VA and Interest-Only Loan Buyer Pre-Qualifying
Complete PITI Payment Solutions; including Interest-Only
Amortization with Remaining Balances
Calculate Combination Loans: any Loan-to-Value (LTV) including Interest-Only 2nd Combo, Bi-Weekly and ARMs
Easy Rent vs. Buy Comparison and Tax Savings
Date-math; Lock Expiration dates
For: Mortgage Lenders, Brokers and Loan Officers, Home Buyers and Sellers, Real Estate Agents and Brokers
Qualify Your Buyer or Loan Applicant Three Ways-
• Qualify for Income 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
Complete Payment Solutions-
• 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 Appreciation) and Note Yields.
Evaluate and Compare Finance Options-
• 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 Solutions: Compare costs, savings, and loan paybacks against monthly schedules
Additional Features-
• Date Math: Quickly find escrow closing dates or 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 Memory Storage
• Works as a Standard Math Calculator
Includes-
• Easy-to-follow User's Guide on CD and Pocket Reference Guide
• Full One-Year Limited Warranty
• Protective Slide Case
• Long-Life Batteries
TECH SPECS
Size: 5.5 x 3.0 x 0.5" (140 x 76 x 13 mm)
Weight (product only with battery): 3.2 oz. (91 g)
Power: Two 3-volt lithium (LR44) battery (included)
Display Type: LCD segment; 9 digits with Annunciators-legends
LCD Display Dimensions: 0.86 x 2.5” (22 x 64 mm)
Accuracy: 12 digit internal accuracy
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