The Calculated Industries Qualifier Plus IIIFx is a superior real estate and mortgage calculator. With this calculator you can easily pre-qualify clients, calculate cash flow information, internal rate of return (IRR), and solve for loan to value, among others. Determining a client’s balloon payments and amortization, and comparing loans and payment types are only a few of the calculations you can do with this calculator. It is is perfect for realtors, brokers, lenders, office managers, investors, and anyone that needs fast accurate answers for real estate and mortgage loans.
Cash Flow Calculation, Internal Rate of Return
The Qualifier Plus IIIFx calculator has a convenient cash flow function. This function solves for your clients internal rate of return. Use the client’s investment amount, yearly income for each year of the loan, and the amount they want to receive back. The calculator displays the percentage of return on the initial investment.
Solving for Loan to Value
This Calculated Industries real estate calculator allows you to evaluate a client’s prospects for refinancing. Quickly assess the difference between their current loan amount and the total value of their property. Find the loan to value ratio by entering the sale price and the down payment.
Perform P&I, PITI, and ARM Calculations
The Qualifier Plus IIIFx allows calculation of payments for principal and interest, added tax and insurance, and adjustable rate mortgages. First solve for principal and interest payments (P&I) by entering the loan amount, term length, and percent of interest. Then add annual tax and annual insurance amounts to arrive at the PITI (principal, interest, plus tax and insurance). You can now calculate the adjustable rate mortgage payment (ARM) by entering the life cap and the percentage of increase per year.
Perform additional functions with the Qualifier Plus real estate and mortgage calculator. Forecast payments remaining at the end of a loan term (balloon payments), reduction of payments during the life of the loan (amortization), and future value. Compare the pros and cons of renting versus buying. Determine what loan type is best for a client and practically any other calculation to solve mortgage loan questions.
The Calculated Industries Qualifier Plus IIIFx 3430 performs date-math as well as standard math. There are user preferences, 6 memory slots, a triple zero for fast entry of larger numbers, and a shift key to increase decimal places. It includes a slide-on hard case, a user guide, a pocket reference guide, two 1.5-volt LR44 long life batteries, and a 1 year limited warranty.
Learn How to Use the Qualifier Plus IIIFx
For a video tutorial on how to use this real estate calculator, check out these videos. The pocket reference guide lets you quickly look up your desired information.