房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
3 M( {4 W! `& P0 g        25 years mortgage (25 * 12 = 300 months)
, z4 T0 j7 K/ E& B" B, G        rate 5.24

+ J% H, D) J; B/ f* [. H! y1.effective rate 0.43197466
( j% d; h1 S% D( t3 d6 s  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
/ x, j  k7 `2 |1 ?   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
6 B% {" C9 c( X3 _" J9 r+ v! e7 a2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  G  E4 M/ p! T4 k# X# v  300,000-30,000 = 270,000 mortgage requried
4 z  L0 u2 V, \/ v* c( z  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
" u: e$ w7 G7 s7 Y2 M& ^8 y7 e/ L3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
- X5 W6 o0 X* M5 s5 v# O4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48