房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
        25 years mortgage (25 * 12 = 300 months)
+ z  i$ X% w1 D4 p. c        rate 5.24
) Y, G5 t* {+ N% A4 m
# R  X, h3 f9 d" T1.effective rate 0.43197466
- M* C' D; H+ P. R4 R  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
- a& i9 o* v8 y  Z! ^0 L+ H   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
7 l1 d2 o) A" }4 p  U& Q# x  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
" {# X/ C5 S0 ?  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
: z% z% ^' y' _5 Q! e% t  270,000 * 2% = 5,400
1 X0 ~; v. P& E. }" i& q  adjusted mortgage balance: 270,000 + 5,400 = 275,400
; P6 L9 u4 R( F4 I3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
8 V2 v( X! m$ ~* r1 }' ]4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48