Rent Vs. Buy - Calculated Industries 3430 Pocket Reference Manual

Rent vs. Buy

• Term: 30 years
• Interest: 7.5%
• Down: 10%
If your client is currently renting a home
for $1,250/month, find the comparable
home sales price and loan amount that
he or she could afford:
STEPS
Clear
Enter term
Enter interest 7 • 5 ˆ
Enter down% 1 0 d
Enter tax%
Enter insurance%
Tax bracket% 3 0 s +
Enter rent to find comparable
home price 1 2 5 0 s P
Find comparable loan
amount
Find PITI pmt P
Find annual tax
savings
Monthly tax
savings
Reset tax%
P
KEYSTROKES
o o
3 0 T
1 • 2 5 s 7
• 3 5 s 8
P
P
P
2 8 s +
R
OCKET EFERENCE
Tax: 1.25%
Insurance: 0.35%
Tax bracket: 30%
221,894.90
199,705.41
G - 22
UIDE
DISPLAY
0.00
30.00
7.50
10.00
1.25
0.35
30.00
1,692.23
5,306.75
442.23
28.00