房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
( R; m/ c4 ~1 d% E- u        10% down payment
; S" S# h; X3 b" M        25 years mortgage (25 * 12 = 300 months)
6 M* o' f$ |6 s; q) k3 @3 A        rate 5.24
- Z! \  O/ V' y/ S; [6 i
1.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.
" \: N3 Q% [+ [1 n8 \9 Q# I   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
; f2 h# k$ a! s/ C8 |  300,000 * 10% = 30,000 downpayment
. Q) B# m6 w, f  300,000-30,000 = 270,000 mortgage requried
7 @4 t$ S/ M* d  t- O  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
9 B- p$ Z# Z% a5 g7 e5 J- ~  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
5 a: |0 z( Z% _, c- H. R/ t4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48