房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
( |/ {& \2 I: u  n$ J3 h        25 years mortgage (25 * 12 = 300 months)
; \0 I! N" `1 c8 W        rate 5.24

* M/ ~1 h7 O( o0 a8 C8 z1.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
2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
% Y1 F# @$ i; Q  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
7 b7 U; f- i! W, `$ X  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
) Q7 X. L' ^6 E* A0 x# G3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
" c4 U% q. v4 A* \9 f/ l6 |4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48