房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
6 ^& F$ V( ]3 t        25 years mortgage (25 * 12 = 300 months)
) H+ [% y! l, G, I        rate 5.24

2 I! K& m2 F: |% T9 L4 C- ?1.effective rate 0.43197466
- P; p8 k2 z: b" \  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
$ r6 b4 f' u& o8 I4 a7 P( h  300,000-30,000 = 270,000 mortgage requried
' X! ?$ z& h0 Z  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
2 c5 h8 G. h- l; E$ t3 P. M  270,000 * 2% = 5,400
: m  J5 y$ G$ G. v& o  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
( S% X( n' C* j5 N5 p: N4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48