房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
' d9 ?5 a  @4 A% E        25 years mortgage (25 * 12 = 300 months)
        rate 5.24

' Q: S+ H: M8 {9 k9 l& M2 s! i6 X$ R1.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
+ r8 X; H; j/ d7 k2.Adjusted mortgage balance
! X3 }% B+ M0 u$ V  300,000 * 10% = 30,000 downpayment
9 [+ h4 h# k* B# T  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
/ D; P7 K& g" G. ~: Y  270,000 * 2% = 5,400
! Q" P% K/ }) a2 E- V  adjusted mortgage balance: 270,000 + 5,400 = 275,400
& Q- e) m6 V: h  Q% @3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
9 A& b4 E3 d3 U8 D) K; E4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48