房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
1 H, x+ L+ _) V7 h% ^        10% down payment
8 r7 h! ~. Y7 [( o- d        25 years mortgage (25 * 12 = 300 months)
: X8 x, }; {2 b: w) }        rate 5.24
# Z. O  T  o% P! L) O7 p' m# ]  ?
* d, d8 Z, p- w& O; Y1.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.
9 U! ~9 f! N$ W1 l   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
! d- Z+ J: l( i2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
$ w. b& F, Y& ~9 y' |  300,000-30,000 = 270,000 mortgage requried
4 Q3 r5 _# V* W+ C# N: S& K! O3 |: }  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
0 A5 ^" r9 q4 m: R, \  270,000 * 2% = 5,400
8 }) Z$ ?( j  W- ]8 e* k  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 R4 T1 u4 B7 p4 f6 K6 L% @4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48