房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
% `* |; [, s4 Z& [0 k4 d$ t1 o$ P        10% down payment
, B+ ^! [% V- Z  v        25 years mortgage (25 * 12 = 300 months)
8 m* Z1 H$ M8 v2 A; ?* a        rate 5.24
. i: s- z' J1 D" F: d
1.effective rate 0.43197466
/ ]$ X. O7 n! R  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
+ h5 K' Z5 J4 K- M   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
2.Adjusted mortgage balance
' K/ }, f$ ^$ v- ^  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)
4 X# Q' F1 e% i; c: }; N  _6 E  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