IBM 3416

  • Part Number: 3416
  • Category: Calculators
  • Manufacturer: Calculated Industries, Inc
  • Quantity: 24

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 solves 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

Technical Information

Number of Display Digits: 9
Operations/Functionality: 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 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. 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 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

Display & Graphics

Display Screen Type: LCD

Battery Information

Power Source: Battery

Physical Characteristics

Height: 5.5"
Width: 3"
Depth: 0.5"
Weight (Approximate): 3.20 oz

Miscellaneous

Package Contents: Mortgage Qualifier Plus Easy-to-follow User's Guide on CD Pocket Reference Guide Protective Slide Case Long-Life Batteries

Warranty

Limited Warranty: 1 Year

Consumers Buy Now!

Request a price from our verified members: