Gift Model
AF-101
1. Input Loan Amount
EX: 300,000 [L/A]

2. Input Interest Rate
EX: 6 [RATE]

3. Input Loan Term
EX: 30 [TERM]

4. Press PMT. BINGO
Display: 1,798.65
This Gift Model Loan Calculator is super easy to use and carry.  It answers
your client's most asked question "How much is my monthly payment
(
PMT)?" in just sencond, anytime, anywhere......  
Specifications:
-        PMT Calculations
-        10 digits
-        Pocket Size
-        Battery: One CR2032, same as AF-1688
-        With carrying case
Great Promotional Gift For
Lenders
Realtors
Title Companies
Escrow Companies
Mortgage Companies
Real Estate Schools
Inspection Companies
Home Warranty Companies
Perfect Tool For
Realtors
Loan Officers
Home Buyers
Home Sellers
L/A     = Loan Amount, also known as Principal;
Term   = The number of years given to repay the loan;
Rate    = Annual interest rate for the loan;
PMT   = Equal monthly amortized loan payment amounts including Principal and Interest.
Easy Like 1-2-3...         Simple Like A-B-C...           

Scenario     Find the monthly payment  for a 30-year, $300,000 mortgage loan at an annual interest rate of 5.875%.
1.        Clear any previous values.                       Press  [ON/C]
2.        Enter the $300,000 loan amount.             Press  300,000  [L/A]
3.        Enter the 5.875% annual interest rate       Press  5.875  [Rate]
4.        Enter the 30-year term        .                    Press  30  [Term]
5.        Find the monthly payment amount.           Press  [PMT]
Monthly payment amount displayed:                   1’774.61

Scenario        Now, recalculate the monthly payment for the same loan over a 15-year term.

1.         Clear the previous payment value.       Press  [ON/C]
2.         Enter the new 15-year term.                Press  15  [Term]
3.         Find the new payment amount.            Press [PMT]
New payment amount displayed:         2’511.36
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Imprinting position 1
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Imprinting position 2
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