房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
% ?5 j5 S$ b$ p% V& V* n        25 years mortgage (25 * 12 = 300 months)
        rate 5.24

1.effective rate 0.43197466
7 n0 f8 D3 M/ O  k, S! y  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
; A5 X7 R& t  |3 G/ z) ^2.Adjusted mortgage balance
  Z( U/ j# g$ K+ u* G  300,000 * 10% = 30,000 downpayment
2 W4 e3 m4 l- R& {/ }+ ]  300,000-30,000 = 270,000 mortgage requried
# E' q" [4 z* L: S* g. T  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
4 @6 P: P. a7 M; d  w4 J( y( S  270,000 * 2% = 5,400
  adjusted mortgage balance: 270,000 + 5,400 = 275,400
( A8 g0 O) r' A; D$ a4 [4 D) U3. 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