房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
0 n6 D5 t6 u& ~8 _, j        10% down payment
        25 years mortgage (25 * 12 = 300 months)
5 ^/ q# t" f+ A' {        rate 5.24

* P8 T* ^" O5 l4 ]& O1.effective rate 0.43197466
' j; A4 d. a" Z9 w; P. E  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
/ B2 j, g! w6 j! ^8 _2.Adjusted mortgage balance
# L  C- f+ x' s5 \' a( d  300,000 * 10% = 30,000 downpayment
. ]$ h) y, j) ~' r$ r4 M: i  300,000-30,000 = 270,000 mortgage requried
  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
# B0 W" Q. B, b. t# W; u3 `! X+ ?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