Monthly Payment
Find the monthly payment on a 30-year
loan of $220,000 at 7.5% annual interest
rate.
Keystroke
Display
[On/C] [On/C]
0.00
220000 [Loan Amt]
220,000.00
7.5 [Int]
7.50
30 [Term]
30.00
[Pmt]
1,538.27
Term
How long does it take to pay off a loan of
$275,000 at 6.5% interest if you make pay-
ments of $1,700 each month?
Keystroke
Display
[On/C] [On/C]
0.00
275000 [Loan Amt]
275,000.00
6.5 [Int]
6.50
1700 [Pmt]
1,700.00
[Term]
32.23
What is the periodic term, or # of months?
Keystroke
Display
[Term]
386.76
Interest Rate
Find the interest rate on a mortgage where
the loan amount is $155,000, term is 30
years and the monthly payment is $1,100.
Keystroke
Display
[On/C] [On/C]
0.00
155000 [Loan Amt]
155,000.00
30 [Term]
30.00
1100 [Pmt]
1,100.00
[Int]
7.65
What is the periodic interest?
Keystroke
Display
[Int]
0.64
LOAN PROBLEMS
Loan Amount
How much can you borrow if the interest
rate is 7.75% on a 30-year mortgage and
you can afford to pay $1,200 each month?
Keystroke
Display
[On/C] [On/C]
0.00
7.75 [Int]
7.75
30 [Term]
30.00
1200 [Pmt]
1,200.00
[Loan Amt]
167,501.32
Quarterly Payment
Find the quarterly payment on a 10-year
loan of $15,000 at 10% annual interest
rate.
Keystroke
Display
[On/C] [On/C]
0.00
4 [Set] [
÷
]
4.00
10 [Term]
10.00
15000 [Loan Amt]
15,000.00
10 [Int]
10.00
[Pmt]
597.54
12 [Set] [
÷
]
(return to 12 pmts/yr)
12.00
Delta %—Rate of Appreciation
A home originally purchased for $150,000
sold a year later for $185,000. What is the
rate of appreciation?
Keystroke
Display
150000 [Set] [%]
150,000.00
185000 [=]
23.33
Total Interest & Principal Paid—
Amortization
How much interest & principal and total will
you pay on a 30-year, $180,000 loan at
7% interest?
Keystroke
Display
[On/C] [On/C]
0.00
180000 [Loan Amt]
180,000.00
7 [Int]
7.00
30 [Term]
30.00
[Pmt]
1,197.54
[Set] [Pmt]
(range of pmts.)
1-360
[Pmt]
(total interest)
251,116.02
[Pmt]
(total principal)
180,000.00
[Pmt]
(total payments)
431,116.02
Total Interest, Principal & Rem.
Balance—for Range of Payments
How much total interest & principal will you
pay in payments 1-36 on a 30-year,
$100,000 loan at 7% interest? What is the
remaining balance after payments 1-36?
Keystroke
Display
[On/C] [On/C]
0.00
100000 [Loan Amt]
100,000.00
7 [Int]
7.00
30 [Term]
30.00
[Pmt]
665.30
36 [Set] [Pmt]
(range of pmts.)
1-36
[Pmt]
(total interest)
20,677.85
[Pmt]
(total principal)
3,273.04
[Pmt]
(total payments)
23,950.89
[Pmt]
(rem. balance)
96,726.96*
*
Note: Also displayed via 36 [Set] [Loan Amt].
Trust Deed/Purchase Price of a
Note—Fully Amortized
You’d like to buy a mortgage with 15 years
remaining, $100 per month in incoming
payments and you desire a 25% return.
What will you pay for the mortgage? What
if you desire a 20% yield?
Keystroke
Display
[On/C] [On/C]
0.00
25 [Int]
25.00
15 [Term]
15.00
100 [Pmt]
100.00
[Loan Amt]
(price)
4,682.68
20 [Int]
20.00
[Loan Amt]
(new price)
5,693.80
Future Value
What will a $200,000 house be worth after
3 years, if you figure an inflation or apprecia-
tion rate of 8.5%?
Note: Set periods to one per year.
Keystroke
Display
[On/C] [On/C]
0.00
1 [Set] [
÷
]
1.00
200000 [Loan Amt]
200,000.00
3 [Term]
3.00
8.5 [Int]
8.50
[FV]
255,457.83
12 [Set] [
÷
]
(return to 12 pmts/yr)
12.00
USER’S GUIDE
Software copyrighted and licensed to
Calculated Industries, by Real Estate Master
Technologies, LLC, 2003.
User’s Guide copyrighted by
Calculated Industries, 2003.
Real Estate Master® and Calculated Industries® are
registered trademarks of Calculated Industries
ALL RIGHTS RESERVED
Designed in the U.S.A.
Calculated Industries
4840 Hytech Drive
Carson City, NV 89706 U.S.A.
Tech. Support Line: 1-775-885-4975
Fax: 1-775-885-4949
www.calculated.com
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7/03
