房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
  |+ j3 D& e( s. j$ s9 o1 U        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
/ T' E5 x. a* M( E7 C7 [3 e
1.effective rate 0.43197466
$ `" w" n% ~$ D4 i: q/ x  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 w& P5 M* t' ?0 e- H5 i' N2.Adjusted mortgage balance
. T3 g# X( K* g) j5 s# I& m  300,000 * 10% = 30,000 downpayment
  l+ K& g1 q9 R* t' g  300,000-30,000 = 270,000 mortgage requried
5 B5 l4 `9 g# q$ n: i, s' K* I  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
6 }; ]) M' X' {% E, f5 F. m1 b3. 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