1. Rent Vs. Own
Rent for $2,435 or Own for $400,000?
Tim Kirk, MBA
MGySgt, USMC (Ret.)
CA BRE# 01941662
Cell 760.704.9252
Office 858.777.9817
timkirkrealestate@gmail.com
pacificsothebysrealty.com
Pacific Sotheby’s International Realty
5825 Avenida Encinitas Ste. 101
Carlsbad CA 92008
The Tim Kirk Team
Year Annual Annual Federal Tax Estimated Loan Estimated
Rent Payment Savings Value Balance Equity
1 $29,220 $29,205 $6,013 $412,000 $393,257 $18,743
2 $30,097 $29,205 $5,969 $424,360 $386,221 $38,139
3 $30,999 $29,205 $5,924 $437,091 $378,880 $58,211
4 $31,929 $29,205 $5,865 $450,204 $371,221 $78,982
5 $32,887 $29,205 $5,772 $463,710 $363,231 $100,479
6 $33,874 $29,205 $5,675 $477,621 $354,894 $122,727
7 $34,890 $29,205 $5,574 $491,950 $346,196 $145,754
8 $35,937 $29,205 $5,468 $506,708 $337,120 $169,588
9 $37,015 $29,205 $5,358 $521,909 $327,652 $194,257
10 $38,125 $29,205 $5,243 $537,567 $317,773 $219,794
Total $334,975 $292,050 $56,863 $537,567 $317,773 $219,794
Loan Type VA/$0 Dwn Pmt
Sales Price $400,000
Term 30 Years
Rate 4.25%
Closing Costs $4,950
This is for informational purposes only and should not be relied upon by you. Pacific Sotheby’s International Realty is not a mortgage lender. Contact HomeBridge Financial Services, Inc. directly to learn
more about its mortgage products and your eligibility for such products. HomeBridge Financial Services, Inc. Corporate NMLS ID #6521 (www.nmlsconsumeraccess.org). Licensed by the Department of
Business Oversight under the California Residential Mortgage Lending Act. 4130749. Financing is shown for comparison only. This is not an offer of credit or commitment to lend. Loans are subject to buyer/
property qualification. Rates/fees are subject to change without notice. Appreciating values are estimates. Actual property values may increase more or less, or decrease due to market/property conditions.
Tax savings are estimates and presuppose that income and tax rates do not change. Payments on loans may include taxes, insurance, and mortgage insurance.
*Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan*