房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
. \9 p. w( d+ |5 }, ^' G6 {: V        25 years mortgage (25 * 12 = 300 months)
, s' T% J4 |6 ~9 q        rate 5.24

1.effective rate 0.43197466
  {* `5 N/ u) K( Q* D+ ?  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
6 Q2 u+ n/ D# M  d2 ?   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
) E7 U/ @! ?: O, A& g; W2.Adjusted mortgage balance
  D5 u/ r) I- \8 ?2 P# K8 H+ |  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)
  l- P' x! [4 y! o* T& r1 o5 q& A  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