房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
) z, q7 i( M; i, E        10% down payment
. [1 @9 }) V& A3 F5 ~8 U5 X0 F        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
* B) o% X* s& K5 l0 y0 O
/ f* v- w, k. B4 B7 U1.effective rate 0.43197466
% ?7 a2 f3 m. {) F6 k, k7 h  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
; P0 C. }5 N# H+ v  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
0 Z7 v, B9 T- e5 y; ]  adjusted mortgage balance: 270,000 + 5,400 = 275,400
3. 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