房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
! P/ Y5 v5 m! g, {* E        10% down payment
        25 years mortgage (25 * 12 = 300 months)
! _) I6 f9 N9 X$ X3 w. j        rate 5.24
$ ]0 |/ ~; n5 {5 f  b; t% J
1.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.
8 A6 |2 E  A4 g1 u   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
4 L6 {* C8 p! M2.Adjusted mortgage balance
8 X  h% ]6 x7 A  300,000 * 10% = 30,000 downpayment
- ]; B0 R" G5 s2 e% Z. V  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
% ]0 K; ?1 g6 C7 }4 n; s  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
4 t5 k8 _, p$ V) t3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
$ E  \% @! ^* ^) M/ Y- y3 {( h4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48