房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
' @* E1 i9 q9 k5 ^# v( _        25 years mortgage (25 * 12 = 300 months)
& h0 N8 ?3 ~2 O        rate 5.24

4 s, S( t0 U) `2 P' M* i1.effective rate 0.43197466
- ?/ S$ v2 ^* ~: [. c! m% ~  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
( A3 j/ w" P6 f( a3 r: {2 ^' _2.Adjusted mortgage balance
- D; g# [! a1 p; F3 `$ d  z  300,000 * 10% = 30,000 downpayment
7 y" Q9 \; p# ~* C; r  300,000-30,000 = 270,000 mortgage requried
  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
/ L& z8 b: ^+ A  e8 V1 ]# I3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
9 E4 V' K6 z. Y, S4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48