房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
' c2 y5 r# ?4 U( s' n0 W$ c        10% down payment
+ i8 z% a% d% A3 E        25 years mortgage (25 * 12 = 300 months)
# z8 Y5 d6 C- q        rate 5.24
$ W' e: q( Y; v- e1 W& Z6 U. L: |
. l5 t7 T4 w* f  ^1.effective rate 0.43197466
+ v) [! o3 }) h/ x! H0 L  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
4 ?; m8 ?7 N5 c2.Adjusted mortgage balance
  L4 }2 v  v, B  300,000 * 10% = 30,000 downpayment
% R# r  V* P9 h/ V( B  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
4 B7 ~0 q' {$ w- L; P  adjusted mortgage balance: 270,000 + 5,400 = 275,400
; y" p, }0 n5 H& O" f" q4 V3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
/ H0 N) P  P' R8 h1 R8 G# ?4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48