房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
$ `1 D$ L. N2 s9 e3 ^) B        10% down payment
        25 years mortgage (25 * 12 = 300 months)
. e. W3 [: P: s0 t8 h3 l        rate 5.24

8 o- M# T& X% @: L' |1 V1.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.
% a/ j) [. Z9 [0 I# v   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
; H! Z7 |) i2 J2 W2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
6 _& o+ n5 U/ f* h0 p' R  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
) A# j7 Z) B2 x! q* {  270,000 * 2% = 5,400
# i# ?2 @: L$ f; m1 S) n  adjusted mortgage balance: 270,000 + 5,400 = 275,400
* _' c' x" e# G. G) S3 J/ g3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
! C6 H2 }+ N" u2 ~% d% X/ T4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48