Calculated Industries 3405 Real-Estate Finance Calculator
When it comes to real estate transactions, whether you’re an agent, buyer, investor, or seller, having quick and accurate financial solutions at your fingertips can make all the difference. Calculated Industries understands the unique demands of the real estate industry, and that’s why they’ve developed the Calculated Industries 3405 Real-Estate Finance Calculator.
Introduction
In the fast-paced world of real estate, having the right tools can set you apart. The Calculated Industries 3405 Real-Estate Finance Calculator is your trusted companion for answering financial questions, comparing loan options, and providing your clients with the choices they need. With this compact calculator, you can run the numbers and get real estate finance solutions instantly. It’s a game-changer for real estate professionals who want to excel in their field.
Disclaimer: Product specifications and features are subject to change without notice. Always refer to the manufacturer’s information for the most up-to-date details.
Product Specifications
- Brand: Calculated Industries
- Color: Silver
- Calculator Type: Financial
- Power Source: Battery Powered
- Screen Size: 0.81 Inches
- Visible Screen Diagonal: 1″ / 3 cm
- Product Dimensions: 5.75 x 3 x 0.6 inches
- Item Weight: 3.21 ounces
- Item Model Number: 3405
- Batteries: 1 Lithium Metal batteries required (included)
Product Features
- Dedicated Function Keys: The calculator is equipped with dedicated function keys that allow users to quickly and confidently provide financial answers and options to clients. It simplifies the process of comparing loan options and offering payment solutions.
- Instant Financial Solutions: The calculator enables users to instantly solve financial questions related to real estate transactions, whether they involve buyers, investors, or renters. This feature can enhance professionalism and contribute to closing more home sales by providing answers to real estate finance problems, including remaining balances.
- Language of Real Estate Finance: The keys on the calculator are labeled with terms commonly used in residential real estate finance, such as Loan Amount (Loan Amt), Interest (Int), Term, and Payment (Pmt). This user-friendly design makes it easy to perform financial analyses and determine suitable mortgage loan options for clients.
- Loan Options at Your Fingertips: Users can quickly find the right loan for their clients at the press of a button. The calculator allows for calculations involving various loan structures, such as 80:10:10 or 80:15:5 combo loans. It can also assess options like adjustable-rate mortgages (ARMs), bi-weekly loans, quarterly payments, or interest-only payments, giving clients more choices.
- Protective Slide Cover: The Real Estate Master IIIx Model 3405 comes with a protective slide cover to keep the calculator safe and secure when not in use.
- Multiple Calculations: The calculator performs a wide range of calculations, including mortgage payments, loan terms, interest calculations, PITI (Principal, Interest, Taxes, Insurance) payments, future values, purchases, down payment figures, and more. It allows users to customize calculations by storing local property tax and insurance rates.
- What-If Calculations: Users can perform “what-if” calculations by varying factors such as purchase cost, down payment amount, and loan amount financing. This enables real estate professionals to provide clients with informative financial outlooks.
- Built-In Date-Math Function: The calculator features a date-math function for calculating closing and expiration dates, making it easier to manage real estate transactions.
- Triple Zero Key: The calculator includes a triple zero key, saving time and keystrokes when inputting data.
- Additional Resources: The package includes a quick reference guide and a pocket user’s guide to help users make the most of the calculator’s capabilities.
- Power Source: The calculator is powered by two 1.5-volt LR44 long-life batteries, which are included with the product.
Frequently Asked Questions
What is the Calculated Industries 3405 Real-Estate Finance Calculator used for?
The calculator is designed for real estate professionals and can assist in various financial calculations related to real estate transactions. It helps calculate mortgage payments, terms, interest, PITI payments, future values, and more.
Can the calculator handle different types of loans?
Yes, the calculator allows users to calculate various types of loans, including conventional loans and different structures like 80:10:10 or 80:15:5 combo loans. It also evaluates options like adjustable-rate mortgages (ARMs) and interest-only payments.
How can I use the 'what-if' calculations feature?
The 'what-if' calculations feature allows you to explore different scenarios by changing variables like purchase cost, down payment, and loan amount financing. You can provide clients with customized financial outlooks based on these variations.
Is the calculator easy to use, especially for real estate professionals?
Yes, the calculator is designed with keys labeled in residential real estate finance terms, making it user-friendly for real estate professionals. It simplifies financial analyses and helps users quickly answer real estate finance questions.
Can I store local property tax and insurance rates for customized calculations?
Yes, the calculator allows users to store local property tax and insurance rates, which can be customized for calculations. This feature helps in providing clients with more accurate and informative financial assessments.
Does the calculator offer protection and portability?
Yes, the Real Estate Master IIIx Model 3405 comes with a protective slide cover to keep it safe and secure when not in use. It is a portable device that real estate professionals can carry with them.
What type of batteries does the calculator use, and are they included?
The calculator is powered by two 1.5-volt LR44 long-life batteries, which are included with the product. This ensures that it's ready for use.
Are there any user guides or additional resources included with the calculator?
Yes, the package includes a quick reference guide and a pocket user's guide. These resources can help users maximize the functionality of the calculator and quickly access information.
Where can I find product support or report issues with the calculator?
For product support or reporting issues, users can refer to the contact information provided by Calculated Industries. It's essential to reach out to the manufacturer or authorized support channels for assistance.
Can this calculator be used for both residential and commercial real estate calculations?
While the calculator is labeled in residential real estate finance terms, it can be used for a wide range of real estate transactions. However, its primary focus is on residential real estate finance.
What are the key financial functions available on the calculator?
The calculator offers key financial functions such as mortgage payment calculations, interest rate calculations, down payment calculations, loan term calculations, and property tax and insurance rate calculations.
Can I use the calculator for real estate investment analysis?
Yes, the calculator can be used for real estate investment analysis. It allows you to calculate potential mortgage payments, returns on investment, and assess different financing scenarios for real estate investments.