Calculated Industries 3126 User Manual

Page 22

automatically. If entered as dollar
amounts, they need to be re-entered
with a change in Sales Price or Loan
Amount to be correct. The number 10 or
less is assumed to be an annual percent-
age.

Note:

While in Pro-Mode, tax and

insurance entries are permanent. Also, the

PITH payment includes monthly expenses.

MPORTANT

Both Tax and (Property)

Insurance rates are based on Sales Price. The

Mortgage Insurance rate is based on the

Loan Amount. If neither Sales Price nor Down

Payment has been entered, the Sales Price

defaults to equal the Loan Amount (i.e.

assuming a 100% loan), in which case the

Tax and Insurance rates are based on the

entered Loan Amount

Setting Tax and Insurance Rates

Enter an annual property tax rate of
1%, a property insurance rate of .25%,
and a mortgage insurance rate of .15%:

Steps/Keystrokes

Display

1. Clear calculator:

[On/C] [On/C]

0.00

2. Set Tax rate and Insurance rate:

1 [Tax]

1.00

.25 [Ins]

0.25

3. Set Mortgage Insurance rate:

.15 [Mtg Ins]

0.15

22 — Qualifier Plus

IIcx