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)
        rate 5.24

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.
   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
$ y+ {6 z, @0 m, {  300,000-30,000 = 270,000 mortgage requried
) j. x+ d8 k, |$ x( n  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
  m' W8 b* g/ H2 O) L4 v$ @  adjusted mortgage balance: 270,000 + 5,400 = 275,400
3 j5 [) u, W- d" l* s% g2 l3 `3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
& z% v1 T) t9 E4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48