房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
& [' {9 i; O5 l( o5 @        10% down payment
/ X7 N1 C* q, K' j0 F+ {* E. Y        25 years mortgage (25 * 12 = 300 months)
' x2 W  m7 Y) S. ?- |        rate 5.24
2 i3 F) u" p% b
; {: f% j# s( 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.
# c; X3 x9 d- {/ S# o5 a   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
- {' P6 T8 i9 e( }! Q9 ^, a$ V  300,000 * 10% = 30,000 downpayment
7 @7 Z! P9 f' |: u: {5 e  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
) \+ h( ]5 ~& @  270,000 * 2% = 5,400
, I4 S: z' q& f. W1 j9 Q' ?  adjusted mortgage balance: 270,000 + 5,400 = 275,400
% x& r1 R% H, t0 B6 w3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
+ f. p/ l7 o# \) ?4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48