This Product is Brand NEW and Factory Fresh. We Do NOT sell refurbished or used products.
An 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 versus 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.
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