The Calculated Industries Qualifier Plus IIIFx Desktop is a high-level real estate and mortgage calculator. More robust than the handheld models, this calculator allows pre-qualification for conventional, FHA (Federal Housing Administration), and VA (Veteran Affairs) loans. It also has a more diverse cash flow function for calculating return on investments. Calculate principal and interest (P&I), principal, interest, tax, plus insurance (PITI), term length, and any other calculations required for precise analysis of loans. This calculator has large clearly labeled buttons, a large easy-to-view display, and a logical keypad layout. It is ideal for real estate agents, brokers, lenders, officer managers, investors, and anyone that needs quick accurate answers to real estate or mortgage questions in the office.
Pre-qualifying for Conventional, FHA, Veteran loans
The Qualifier Plus IIIFx desktop calculator performs accurate pre-qualification for various loan types. To pre-qualify for a conventional loan, simply enter the client’s annual combined income, their combined annual debt, the term length, and interest information. With this information, you can press “Qual1” to qualify the client for the standard conventional loan.
Use the Qualifier Plus IIIFx to pre-qualify for FHA/VA (Federal Housing Administration/Veteran Affairs) loans by entering the client’s income, long-term monthly debt, term length, and interest. Press “Qual2” to determine the client’s maximum loan amount for a standard FHA/VA loan and then simply add the tax and insurance amounts to view a more realistic loan amount.
Enter numbers directly or as a percent. You have the option to change default standards to your preference.
Solving for Loan Amount, Sale Price, and Down Payment
This Calculated Industries real estate desktop calculator provides quick solutions for loan amount, sale price, and down payment. Enter any two values to solve for the third. For instance, to find the loan amount, enter the sale price and down payment.
Additional Features and Functions
Use the Qualifier Plus IIIFx desktop to perform a wide array of additional functions. Forecast the balloon, amortization, future value, LTV (loan to value), IRR (internal rate of return), NPV (net present value), and NFV (net future value). Compare loans and analyze rent versus buy situations. You can also find P&I (principal and interest), PITI (principal, interest, tax, insurance), and ARM (adjustable rate mortgage) information.
The Calculated Industries Qualifier Plus IIIFx 43430 desktop calculator also performs date-math and standard math calculations. It allows users to set preferences, has 6 memory slots, a triple zero key, and auto shut-off after 8-12 minutes of non-use. The calculator comes complete with a user reference guide, one 3-volt CR2032 long life battery, and a 1 year limited warranty.
For clear, step by step directions on how to use this mortgage calculater you can watch the online video tutorial. You also can download a PDF of the user's guide (in English).