房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
0 z" }" m6 t& x: _        10% down payment
        25 years mortgage (25 * 12 = 300 months)
" T2 p+ U. v) D" ]& e        rate 5.24

1.effective rate 0.43197466
) Y6 A( C: P: J5 [4 ]6 @3 J  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
) c: @( n- c  t6 L2 b   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
" u9 r% s8 }# q1 c! n" G2.Adjusted mortgage balance
+ q- d  Y% Q4 q  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
0 C( X5 l; P9 B$ X' O, |  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
; G6 s9 Z% \8 T; k3. 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