The Calculated Industries Real Estate Master IIIx is a multifaceted real estate and mortgage payment calculator. It offers forecasting and analysis of various payment scenarios. You can analyze Principal and Interest (P&I) payments, Principal and Interest plus tax and insurance (PITI) payments, balloon payments, amortization, term length, interest, and taxes.
This real estate calculator also calculates down payments, sales prices, and the future value of property. There are built-in functions that allow comparisons such as rent versus buy and combo versus interest loans. It performs date-math as well as standard math, and is ideal for owners, brokers, real estate agents, and anyone seeking quick accurate answers to their real estate and mortgage payment questions.
Easy Calculation of Loan Payments
The Real Estate Master IIIx makes it easy to determine payments for P&I (principal and interest) and PITI (principal, interest, tax and insurance) payments. For P&I, enter the loan amount, the term length, and interest rate information. To calculate PITI, add the annual tax amount and annual insurance amounts to the P&I and press “Pmt”. This key successively displays the P&I, PITI, and the interest-only payment. There is also a convenient triple zero key to make entry of large numbers easier.
Determine Interest Rates, Term Reductions, and Savings
The Real Estate Master IIIx calculator performs quick analysis of interest rates, term reductions, and bi-weekly loan savings. Quickly calculate the interest rate by entering the loan amount, term length, and payment amounts. Calculate how increased payments will affect the term length. You can quickly analyze any savings the customer receives if they make bi-weekly payments versus monthly payments. The calculator sequentially displays the payments, bi-weekly savings, total interest, principal, and P&I. There is a convenient shift key to expand the decimal places viewed for more accurate results.
Future Payments and Savings
This Calculated Industries 3405 real estate calculator allows fast analysis of pertinent information. Determine payment for loans such as FHA (Federal Housing Administration loan) and ARMs (Adjustable Rate Mortgages). Also calculate sales prices, down payments, future values, and LTV. Forecast payments using the balloon and amortization functions. Find the APR (annual percentage rate) and run comparisons of buying versus renting or combo versus interest only loans.
The Calculated Industries Real Estate Master IIIx calculator has additional built-in features such as date-math and auto shut-off and 3 memory slots. It also includes a slide-on hard case, two 1.5-volt LR44 long life batteries, and a 1 year limited warranty.
For help in learning how to use this mortgage calculator, you can watch the online video tutorial, which gives clear, easy-to-follow directions. The user's guide in English and Spanish lists and clarifies all the calculators functions.