房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
1 v: T1 R3 ^& l5 @5 E        10% down payment
  d) L" |; R6 O% i        25 years mortgage (25 * 12 = 300 months)
0 k2 q  z/ `, ~4 `! w9 `% U$ U4 h% j        rate 5.24
; c6 ]# i  m5 s4 K! Z+ N' Y' ]9 K
1.effective rate 0.43197466
; ~0 B5 S* z3 x  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
6 a; a2 m$ Y( G# h, c, f. }1 P   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
  v# w8 U& M% l- f! {2 n  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  y1 G; Q; Y, b2 A3 ^1 I# ]3 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