房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
& v; e! x+ W6 [( ?8 Z! }: `        25 years mortgage (25 * 12 = 300 months)
3 k. e1 b* h* T# W. Y        rate 5.24
; n& C+ w5 s( c
' D  J( G3 Q& M. P1 u1.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.
+ }- _' X3 G7 h5 ]3 d6 `! J   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
1 A( u) J- @- R: l' t2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
( h" C8 f, X( w4 H' u  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
1 A: h4 O  N$ c  270,000 * 2% = 5,400
$ N2 K4 [+ r4 f; c# U: t7 [  adjusted mortgage balance: 270,000 + 5,400 = 275,400
3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
7 `, N% a( D. ^6 J4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48