房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
- P7 j8 {1 I+ z8 |! W8 Y        10% down payment
        25 years mortgage (25 * 12 = 300 months)
2 y+ J' F" p/ N  L5 m4 }. L        rate 5.24

1.effective rate 0.43197466
  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
, R2 z- v1 N" y4 W& x2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
, S! ]  D6 w- ]* n0 B: D  adjusted mortgage balance: 270,000 + 5,400 = 275,400
# k* ~* ]  E8 Y( u3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48