Calculated Industries 3430 Pocket Reference Manual - Ocket
Other manuals for 3430:
User Manual
Manual is about: ADVANCED RESIDENTIAL REAL ESTATE FINANCE CALCULATOR with CASH FLOW and COMPLETE BUYER QUALIFYING
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P
OCKET
R
EFERENCE
G
UIDE
— 21
Estimated Tax Savings
• Loan: $150,000
• Buyer’s tax bracket: 28%
• Term: 30 years
• Interest: 8%
• Property taxes: $1,500
• Property insurance: $250
Note: This is an estimate only.
What is this buyer’s estimated income tax
savings and “after tax” payment?
STEPS
KEYSTROKES
DISPLAY
Clear
o o
0.00
Enter term
3 0 T
30.00
Enter interest
8 ˆ
8.00
Enter tax$
1 5 0 0 s 7 1,500.00
Enter insurance$
2 5 0 s 8
250.00
Enter loan
1 5 0 ) l
150,000.00
Find P&I pmt
p
“run” 1,100.65
PITI payment
p
1,246.48
Enter tax
bracket
2 8 s p
28.00
Find annual tax
savings
p
3,767.32
Monthly tax
savings
p
313.94
Net payment
p