房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
; X4 \+ U$ X- Y! ^0 S        10% down payment
        25 years mortgage (25 * 12 = 300 months)
        rate 5.24

. Z! j" S& c4 D0 K: _, A1.effective rate 0.43197466
2 i( {$ W7 I+ t3 Z  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
- B# E. q; M; ~2 F& g" a2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
& \6 |; A+ ?, w4 r  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
4 W% z2 M7 C+ }. ~8 [  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