房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
5 g! S( q# i" K) b2 f0 i6 {1 m
1.effective rate 0.43197466
- \: W3 p0 c2 Z% Y1 [1 d/ D: W  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
" j" P0 T( q9 y   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
0 k0 x+ ^8 Z, w  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
0 O, }5 U( G- o5 d* Y# W7 C: Z) L  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
; M; O0 ~  ~. D; m# ^4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48