房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
4 ?: `# p' Q+ Y& t        25 years mortgage (25 * 12 = 300 months)
% ~/ C: ~* l- A; P$ h( q        rate 5.24
5 N3 J% ~% v1 O; r5 y$ C5 N% v
- l9 a8 o7 g% I4 g- c1.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.
8 K1 u: S/ d5 y1 s6 M9 q6 l   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
% _" V3 v8 k, x) |2 \2.Adjusted mortgage balance
; B0 P: f5 J7 x' @$ ]% A- K0 E" M  300,000 * 10% = 30,000 downpayment
; R. Y' b: Y1 s. W$ r- }; {  O  300,000-30,000 = 270,000 mortgage requried
  ^, y/ y) m% O7 a  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
- a8 b2 U+ x1 c$ ^  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
4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48