Calculated-industries 3423 Manuel d'utilisateur

QUALIFIERPLUS®4XADVANCED REAL ESTATE FINANCE CALCULATOR with CASH FLOWand BUILT-IN CANADIAN INTEREST MODEModel 3423CANADIAN

USER’SGUIDE— 5s )Month Offset — Used to set the first month of pay-ment if other than January (e.g., Month 3).s :Odd-Days Interest (ODI)— Calculates t

6 — QUALIFIERPLUS®4X(Cont’d)1) Stores Canadian GDS:TDS ratios for mortgagequalifying. Entered ratios are separated by the Colon: key. For example, inc

USER’SGUIDE— 73) Calculates the annual income required andallowable monthly debt for a desired mortgageamount or sales price based on the stored incom

8 — QUALIFIERPLUS®4XtProperty Tax— Used for calculating PITI and Total(PITH) payment, and Qualifying. Stores estimatedannual property tax in either pe

USER’SGUIDE— 9(Cont’d)Press Display or Calculation1 IRR%*2 Net Present Value (NPV)**3 Net Future Value (NFV)4 Desired Interest Rate (entered prior to

10 — QUALIFIERPLUS®4XCALCULATOR SETTINGSDecimal Place SelectionWith the s key, you have the option of selecting the number ofdecimal places you’d like

USER’SGUIDE— 11Canadian/U.S. ModeYour calculator is factory-set to Canadian (Interest) Mode. If you needto calculate loan problems using U.S. interest

12 — QUALIFIERPLUS®4XPreference Settings Your calculator has a Preference Mode, which allows you to programthe calculator to various settings. For exa

USER’SGUIDE— 13(Cont’d)After s,KeepDescriptionPressing (Press +to Advance =:Displaywithin each category):4 Mortgage Insurance (MI)—U.S. Only- Clr-Clr

14 — QUALIFIERPLUS®4XMEMORYAccumulative Memory Whenever the µ key is pressed, the displayed value will be addedto cumulative Memory. This value will r

The Canadian Qualifier Plus 4xwas designed specifically for mort-gage lenders, residential real estate agents and brokers for quickmortgage calculatio

USER’SGUIDE— 15Memory Storage Keys (M0-M5) In addition to the standard cumulative Memory (as described on previous page), your calculator has six inde

16 — QUALIFIERPLUS®4XAdditional Memory Storage Keys (M10-M19)In addition to M0-M5 (as described previously), your calculator hasten additional indepen

USER’SGUIDE— 17BASIC ARITHMETIC EXAMPLESArithmeticThis calculator uses standard chaining logic, which simply meansthat you enter your first value, the

18 — QUALIFIERPLUS®4XFiguring Straight Percent CommissionThe commission for the listing office is 3%. If the property sells for$157,900, what is the l

USER’SGUIDE— 19Delta Percent - Rate of Appreciation A home originally purchased for $150,000 sold a year later for $185,000.What is the rate of apprec

20 — QUALIFIERPLUS®4XUSING THE DATE FUNCTIONUsing the : key, you can quickly solve common real estate dateproblems: escrow or closing dates, listing e

USER’SGUIDE— 21MORTGAGE/TIME-VALUE-OF-MONEY (TVM)1. The financial functions — Loan Amount, Payment, Interest, Term— work just like you would say them.

22 — QUALIFIERPLUS®4X(Cont’d)IMPORTANT NOTE:All of the following examples can also be per-formed while the calculator is in U.S. Mode. See Canadian/U.

USER’SGUIDE— 23Paying Off a Mortgage Early (Making Larger Payments)How long does it take to pay off a 25-year fixed-rate mortgage of$150,000 at 7.25%

24 — QUALIFIERPLUS®4XNon-Monthly Mortgages Most mortgages are paid off monthly. However, if you have a non-monthly mortgage, you must change the numbe

GETTING STARTED...1KEY DEFINITIONS ...

USER’SGUIDE— 25Bi-Weekly Mortgages Your calculator includes a built-in Bi-Weekly mortgage function (sT), which allows you to convert established, full

26 — QUALIFIERPLUS®4XSales Price/Down PaymentOne of the unique features of this calculator is its ability to work withnot only Mortgage Amount, but wi

USER’SGUIDE— 27Finding Loan-to-Value (LTV) Based on Down Payment and Sales PriceFind the Loan-to-Value if a buyer is putting $15,000 down on a$197,000

28 — QUALIFIERPLUS®4XTotal Payment (Including Heating Expense and Property Tax –Entered as Percentage)Find the Total (PITH) payment on a 25-year, 7.63

USER’SGUIDE— 29Finding Mortgage Amount (Including Canadian MortgageInsurance)Find the Mortgage Amount (including Canadian Mortgage Insurance)on a 25-y

30 — QUALIFIERPLUS®4XFinding Monthly Mortgage (P&I) Payment (Including CanadianMortgage Insurance)Find the monthly P&I Payment (including Cana

USER’SGUIDE— 31(Cont’d)2. You can also find Remaining Balance using the s a key byspecifying a year or range of years, period or range of periods.For

32 — QUALIFIERPLUS®4XTotal Principal and Interest for a 25-Year MortgageHow much total interest will you pay on a $200,000 mortgage at7.5% interest ov

USER’SGUIDE— 33Amortization List for Individual Year(s) — Using “Next” FeatureHow much total interest and principal will you pay on a 25-year,$90,000

34 — QUALIFIERPLUS®4XAmortization List for Individual Year(s) — Using Month OffsetThe first payment of a mortgage begins in May. How much totalinteres

Total Payment (Including Heating Expense and Property Tax Entered as Percentage)...28Total Paym

USER’SGUIDE— 35Amortization List for Individual Payment(s)For a $175,000 mortgage at 6.85% interest for 25 years, find outhow much interest and how mu

36 — QUALIFIERPLUS®4XAmortization List for a Range of Payments or YearsFor a $225,000, 25-year mortgage at 7.4% interest, find out howmuch interest an

USER’SGUIDE— 37Future Value Given any four components to a problem that includes a futurevalue, you can calculate the fifth.Appreciation/Future ValueY

38 — QUALIFIERPLUS®4XTrust Deeds and Discounted NotesYour calculator easily handles trust deed purchase price and yieldproblems. Two things to remembe

USER’SGUIDE— 39Finding the Yield on a Discounted NoteAn individual wants to sell you a note under the following terms: 60months remaining in the term,

40 — QUALIFIERPLUS®4XBUYER PRE-QUALIFYING The Qualifying keys on your calculator let you instantly pre-qualifyprospective buyers. Mortgage lending pro

USER’SGUIDE— 41(Cont’d)• the last press will display the allowable monthly debt.Note: You can set your Qualifying Ratios to display first or last via

42 — QUALIFIERPLUS®4XQUALIFYING EXAMPLESMost of the examples in this section will be based on the defaultGDS:TDS Income and Debt Ratios of 32% and 40%

USER’SGUIDE— 43Finding Qualifying Mortgage Amount and Sales Price (Simple Example Excluding Property Tax)Given an interest rate of 7.5%, a term of 25

44 — QUALIFIERPLUS®4XQualifying Mortgage Amount and Sales Price (Including DownPayment, Property Tax and Monthly Heating/Condo Fees) The same buyers a

CASH FLOW EXAMPLES ...51Calculating IRR, NPV, and NFV for Annual Cash Flows...53Calculat

USER’SGUIDE— 45Qualifying Mortgage Amount and Sales Price (Including Canadian Mortgage Insurance) Buyers who make $45,000 annually and have $200 in lo

46 — QUALIFIERPLUS®4X“Restricted” Qualifying Buyers who make $45,000 annually and have $600 in long-termmonthly debt wish to buy a home offered at $16

USER’SGUIDE— 47“Unrestricted” QualifyingThe amount calculated in the previous example is the “restricted”mortgage they may qualify for, based on curre

48 — QUALIFIERPLUS®4XQualifying Comparison (Comparing 2 Different Mortgages orTwo Qualifying Ratios at Once)Given a buyer's annual income of $45,

USER’SGUIDE— 49Finding Income Required and Allowable Monthly DebtUsing the 32%:40% ratios, how much income would a buyer need tofinance a $180,000 hom

50 — QUALIFIERPLUS®4XSolving for Actual Qualifying RatiosA buyer who makes $60,000 per year and has $350 in long-termmonthly debt wants to borrow $100

USER’SGUIDE— 51CASH FLOW EXAMPLESYour calculator has easy-to-use cash flow keys for performing realestate investment, or cash flow analysis.Cash Flow

52 — QUALIFIERPLUS®4XIRR, NPV, and NFV FunctionsThe R key is multifunctional, and consecutive presses calculate:• the annual Internal Rate of Return (

USER’SGUIDE— 53Calculating IRR, NPV, and NFV for Annual Cash FlowsA real estate investor wishes to purchase/finance a piece of propertyfor $225,000. H

54 — QUALIFIERPLUS®4XCalculating IRR, NPV, and NFV for Monthly Cash Flows A real estate investor wishes to purchase/finance a piece of propertyfor $22

USER’SGUIDE— 1KEY DEFINITIONSBasic Operation KeysO Turns all power off. The memory and most financialregisters are cleared.o If calculator is off, tur

USER’SGUIDE— 55(Cont’d)Recalling and Replacing Cash FlowsSTEPS KEYSTROKES DISPLAY1) Recall all cash flows and frequencies:Initial cash flow ® c C-0

56 — QUALIFIERPLUS®4XFinding the Monthly Mortgage Payment (Based on U.S. Interest Rate)IMPORTANT NOTE:Your calculator must be in U.S. Mode to com-plet

USER’SGUIDE— 57Property Taxes, Property/Hazard Insurance and MonthlyHousing ExpenseYour calculator has keys that store estimated local annual Property

58 — QUALIFIERPLUS®4XPITI Payment (Tax and Insurance Entered as Percentage)Find the PITI payment on a 30-year, 8.4% loan if the home’s sellingprice is

USER’SGUIDE— 59Calculating Tax and Insurance Percent or Dollar AmountIf loan variables are entered in addition to tax and insurance percentrates or do

60 — QUALIFIERPLUS®4XFinding the Interest RateFind the interest rate if the mortgage is $98,500, term is 30 yearsand payment is $1,150 a month.STEPS K

USER’SGUIDE— 61Finding Sales Price and Payment Based on Loan Amount andDown PaymentFind a home’s sales price if you've been approved for a $200,0

62 — QUALIFIERPLUS®4XAmortization List for Individual Year(s) — Using “Next” FeatureHow much total interest and principal will you pay on a 30-year,$9

USER’SGUIDE— 63APR, Total Finance Charges (Including Mortgage Insurance)You are financing a mortgage of $275,000 for 30 years at a nominalor quoted ra

64 — QUALIFIERPLUS®4XBi-Weekly Mortgages Your calculator includes a built-in Bi-Weekly mortgage function (sT), which allows you to convert established

2 — QUALIFIERPLUS®4Xs –Change Sign (+/-)— Changes the sign of the dis-played value from positive to negative or vice versa.s xClear All— Clears all en

USER’SGUIDE— 65Qualifying Loan Amount and Sales Price (Complete Example Including Down Payment, Tax/Insurance,Monthly Association Dues)Buyers who make

66 — QUALIFIERPLUS®4X“Restricted” QualifyingBuyers who make $68,000 annually and have $750 in long-termmonthly debt wish to buy a home offered at $175

USER’SGUIDE— 67(Cont’d)*The Maximum Qualifying Loan Amount displayed is the “restricted” loan amount that thebuyer may qualify for. This loan amount i

68 — QUALIFIERPLUS®4XFinding Income Required and Allowable Monthly DebtUsing the 28%:36% ratios, how much income would a buyer need tofinance a $250,0

USER’SGUIDE— 69Qualifying Comparison (Comparing Two Different Loans or TwoQualifying Ratios at Once)Given a buyer's annual income of $45,000, $50

70 — QUALIFIERPLUS®4XDefault SettingsPerforming a total Reset (see below) will return the calculator to thefollowing default settings:• Canadian Inter

USER’SGUIDE— 71Error CodesWith an incorrect entry or answer beyond the range of the calculator,the display will show one of the following error messag

72 — QUALIFIERPLUS®4XRepair and ReturnWarranty, Repair and Return Information! Return Guidelines:1. Please read the Warrantyin this User's Guide

USER’SGUIDE— 73WarrantyWarranty Repair Service – U.S.A.Calculated Industries (“CI”) warrants this product against defects in materi-als and workmanshi

74 — QUALIFIERPLUS®4XDisclaimerCI MAKES NO WARRANTY OR REPRESENTATION, EITHER EXPRESSOR IMPLIED, WITH RESPECT TO THE PRODUCT’S QUALITY, PERFOR-MANCE,

USER’SGUIDE— 3pP&I and Total Payment— Multi-function paymentkey. Enters or solves for the Periodic Principal andInterest (P&I) payment. In Can

USER’SGUIDE— 75Accumulative Memory µ, 14Amortization and Remaining Balance, 30Amortization List for a Range of Payments or Years, 36Amortization List

76 — QUALIFIERPLUS®4XPayment – Including Heating Expense, 27Payment – Including Heating Expense and Property Tax, 28Payment – PITI (U.S.), 58Percent C

4840 Hytech DriveCarson City, NV 89706 U.S.A.1-800-854-8075 or 1-775-885-4900 Fax: 1-775-885-4949E-mail: [email protected]

4 — QUALIFIERPLUS®4Xs dLoan-to-Value (LTV)— Calculates the Loan-to-Value percent when a Down Payment and SalesPrice, Mortgage Amount/Down Payment, orM