房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
- z, _5 Y' q0 \( Y/ G) Y" B        10% down payment
        25 years mortgage (25 * 12 = 300 months)
% ]' B2 Q+ [; I2 j        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
2.Adjusted mortgage balance
! i; t1 f6 W6 A' ?7 N, a3 _/ t  300,000 * 10% = 30,000 downpayment
7 _2 V1 v8 x2 G  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
) ~* [9 K2 l. g, _( V- E0 p: M  270,000 * 2% = 5,400
  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