房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
" R" a3 P/ G' f% [% V& C        25 years mortgage (25 * 12 = 300 months)
, k6 X& k0 u$ G        rate 5.24

1.effective rate 0.43197466
) p; Q1 L# e7 Q" V  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
. D/ l7 T& Y! @   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
  o# ]" o- r( X! s. x/ [) X* _2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
7 I: [& r1 ^" Z* X1 O7 X  Z  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
. h* I" z6 E* {4 S* r+ n0 E  Z2 E4 H  270,000 * 2% = 5,400
( ^$ A+ U" }' g- c" Z; L. P% S' F! r- w  adjusted mortgage balance: 270,000 + 5,400 = 275,400
6 z2 J- B2 y5 q6 t+ |3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
8 t6 ~; y9 t) B# }) |4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48