房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
3 O) Z) a6 j9 l5 ^  b0 W; o3 R        10% down payment
2 ~1 ]5 |# _0 ~1 A1 X% O" m, x* q        25 years mortgage (25 * 12 = 300 months)
" O% P2 E2 ?) a, c        rate 5.24

* G& A4 B: s1 Q' {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.
) L7 U' @. d$ k$ z7 o1 k   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
# [' R9 `4 \' u$ b2.Adjusted mortgage balance
% Q& X3 S  V8 |" Z7 F+ y  x' r% d, I  300,000 * 10% = 30,000 downpayment
4 I$ M" ?$ l0 E6 @( t5 o+ ~  300,000-30,000 = 270,000 mortgage requried
- s: ^2 t3 j. G* @. Z" w. `; @* m  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  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