房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
8 w  o: ~/ v; E: e" L3 q' W        10% down payment
        25 years mortgage (25 * 12 = 300 months)
& w* W5 o% ?5 d5 E- ^3 ?        rate 5.24

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.
/ n: E& c( ]; I: ?6 r9 Z   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
3 w0 u5 H  W9 }! R8 Z) u& r2.Adjusted mortgage balance
+ [" _$ H* \* M) a( b6 G% U  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)
+ O; _! J) K& m2 {8 p5 c: Y  270,000 * 2% = 5,400
  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
4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48