房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
) B$ U% S) O0 v8 s        10% down payment
        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
! |/ t9 {( G. u+ @0 i
1.effective rate 0.43197466
' g& |6 V: j+ |8 N2 Q  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
6 B( k- J& R  V2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
& u) ]& c/ i3 k% M/ P- e  W% z  adjusted mortgage balance: 270,000 + 5,400 = 275,400
" g* d; T+ f  f0 ?9 j3 v2 f- o3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
8 E* v0 W; _' f" S8 w4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48