房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
4 j- S' o  p! r: j+ r        25 years mortgage (25 * 12 = 300 months)
$ G0 C6 @* D/ @* C" t. w( H        rate 5.24

  N- X( o0 ?2 l! o8 Q  Y1.effective rate 0.43197466
+ {' K) X$ \5 ^! J5 F  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
2.Adjusted mortgage balance
- i1 S9 z) P$ b  b7 p# D% D  300,000 * 10% = 30,000 downpayment
- x4 j! J+ s3 \" e: _  300,000-30,000 = 270,000 mortgage requried
1 d( \6 a  a0 `2 n% d  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
" Y+ @' T* g! u8 x- Q8 p  adjusted mortgage balance: 270,000 + 5,400 = 275,400
4 W  H' @. z% W6 W3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
  n! F/ D" j/ P$ q4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48