房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
5 {" N5 M7 Y3 j4 j        25 years mortgage (25 * 12 = 300 months)
* e9 y/ ?, c6 F0 h( T9 r; v' o$ h        rate 5.24

1.effective rate 0.43197466
2 H+ V  t, \% T* @* ~* I$ i& u  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
7 S$ D+ x) R' X6 Y   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
6 s( d) p3 W7 N. a( q6 _0 \5 x) h  300,000-30,000 = 270,000 mortgage requried
% [( Y- r; a1 S- k9 J  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
* I- O9 n! G, ]+ T5 m; W  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
  i2 v$ k% F* U6 V: r3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48