房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
& V+ }6 G  L, k# C5 B( g        10% down payment
' |) y$ J: V$ N1 S& C( {        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
* J2 w+ i  k1 s  B( \* @
8 J. o! f* Z, M1.effective rate 0.43197466
: y5 I+ m  ^  h# {4 X  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
' b8 y; K/ f. }) h   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
% G) u9 J( s! z6 t2.Adjusted mortgage balance
6 N* N7 f; u8 U% l6 a* i  300,000 * 10% = 30,000 downpayment
, k$ _! I4 A1 j7 N) u7 a& ~1 K% M# y  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
: g9 o3 T4 Y+ v# t  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