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2 — Q
UALIFIER
P
LUS
®
III
X
GETTING STARTED..........................................................................5
KEY DEFINITIONS.........................................................................5
Basic Operation Keys ..................................................................5
Mortgage Loan (TVM) Keys.........................................................6
Tax Savings Keys.........................................................................9
Rent vs. Buy Keys .....................................................................10
Qualifying Keys..........................................................................10
Tax, Insurance and Expense Keys ............................................13
1st and 2nd Trust Deeds (Combo Loan) Keys ..........................14
BASIC ARITHMETIC EXAMPLES...............................................16
Arithmetic...................................................................................16
Percentage Calculations............................................................16
Figuring Straight % Commission ...............................................16
Reduction in Listing Price (Discount %) ....................................17
Simple, One-Year Home Appreciation (Add-on %)....................17
Date Examples...........................................................................18
CALCULATOR SETTINGS...........................................................19
Decimal Place Selection............................................................19
Preference Settings ...................................................................20
MEMORY ......................................................................................22
Accumulative Memory................................................................22
Memory Storage Keys (M0-M6).................................................23
EXAMPLES......................................................................................25
MORTGAGE LOANS/TIME-VALUE-OF-MONEY (TVM).............25
Finding the Monthly Mortgage (P&I) Payment...........................26
Finding the Interest Rate ...........................................................26
Finding the Term of a Loan........................................................26
Finding the Loan Amount...........................................................27
Paying Off a Mortgage Early (Making Larger Payments)..........27
Simple Interest vs. Compound Interest......................................28
Future Value...............................................................................28
Appreciation...............................................................................28
Non-Monthly Loans....................................................................29
Finding a Quarterly Payment.....................................................29
Sales Price/Down Payment .......................................................30
Finding Loan Amount Based on Sales Price and Down
Payment..................................................................................30
Taxes and Insurance..................................................................31
Setting Tax and Insurance % Rates...........................................32
TABLE OF CONTENTS
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