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)
: ~$ D+ W% t1 C# W0 z        rate 5.24

1.effective rate 0.43197466
  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
  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
+ F; \& ?4 v- r/ i- d  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
0 k* @6 c, ~1 Z; P  270,000 * 2% = 5,400
$ J5 i* X3 i: P& E- J8 r  adjusted mortgage balance: 270,000 + 5,400 = 275,400
8 ]- L; ^0 o6 B6 n- P: X4 Z3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
% ~9 l- a8 w! I7 @7 \; i0 }4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48