房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
        25 years mortgage (25 * 12 = 300 months)
        rate 5.24
6 Z+ }3 V3 d! \
1.effective rate 0.43197466
0 w4 p' d$ ~# [5 A/ J  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
6 S/ K, e: c/ ], {" g/ `   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
6 s- z/ i- v' C6 S9 D) r2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
( `; i2 q' D6 o" e' |) _. W8 q& p  300,000-30,000 = 270,000 mortgage requried
) j1 e2 O0 V3 L  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
: C+ \& i) Z5 Q# C) e% l2 G' R+ S+ L  270,000 * 2% = 5,400
; Z7 c9 }1 [& m' F7 x& {  o  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