房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
8 T2 V* T. m1 S5 c  B( d        10% down payment
# m* P0 e9 I% o" a2 r- t1 ]* ?        25 years mortgage (25 * 12 = 300 months)
6 d( b# j  S" y3 A+ v, E: y        rate 5.24
- X! }( w! q7 v( Q
- R7 w9 O  F% j1.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.
$ W3 v' u  s3 Y7 Q   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
# N# Y) ]/ k: {6 c- M7 F2 B  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
/ v2 ?7 j! X: `+ W2 R9 b1 m  adjusted mortgage balance: 270,000 + 5,400 = 275,400
+ c. C" [8 a6 z1 j3. 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