房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
0 x+ E& s' x% }  o  H8 H- C6 [        25 years mortgage (25 * 12 = 300 months)
, R* g+ m# h$ C4 Q        rate 5.24

1.effective rate 0.43197466
& a5 ]" L* R6 N4 A  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
# u7 D# w. n/ I2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
8 A/ ]3 E+ C4 e+ Q% E1 T& _  300,000-30,000 = 270,000 mortgage requried
9 w7 V! Q. `& I8 h8 R# C  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
) N$ m! I; L, W% {& K# ]: `2 l) ]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