房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
6 k/ S+ T! ]5 f1 ?: h: Z1 _        10% down payment
        25 years mortgage (25 * 12 = 300 months)
1 }3 U/ S( G( s% u# V' P        rate 5.24

, ^  _3 Z# Q6 b5 E. O' X& c1.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
" b. x" |$ d8 \& w1 z2.Adjusted mortgage balance
. r! D# x$ `; B- y) F: P( W, h  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
* U; P. j2 R9 i! Y2 W/ M. W  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  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
! ^6 h2 T7 a9 n* V5 i- M4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48