房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
) a( {( @6 ^/ \2 h/ c  R8 v8 _& p/ q* }6 A        10% down payment
        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
$ x. f. u2 x& p8 o# t, f5 M
4 t& W2 e+ \, K1.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.
   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
; F  s5 i! d! Q! H% s, M2.Adjusted mortgage balance
+ ?; C; d3 [) j7 ~& ]. |; s  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)
* ^1 _; Z5 t1 G  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
) R8 X& X5 t$ M7 N, f3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
, ^7 E. }; R: [1 y4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48