房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
" H' ~" H5 c% }4 J: h; Z        10% down payment
        25 years mortgage (25 * 12 = 300 months)
$ Y& }4 E6 _) Z& e( [: ~/ A        rate 5.24
  O' y1 s! v- v, w5 Y& G' u7 r, y
1.effective rate 0.43197466
( ?- N& t5 E5 N4 y  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
* v* P  N3 M5 a+ b( r/ _. P   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
' Y- K& V5 l1 y6 E2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
3 A: t$ n$ Z) F3 r) R4 s  F  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
- N- D/ c- J9 M( C! l2 {% P  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
2 A8 L' A: k# ?4 g( U. L  v) x3. 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