房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
1 Z! v$ U% p! i' N" p        10% down payment
        25 years mortgage (25 * 12 = 300 months)
: G) P! H/ _' w7 E$ J- \        rate 5.24
1 v) x. ]0 M7 V* X5 J# P" h" H
1.effective rate 0.43197466
0 ^% M) @6 q9 {% n. U  in Canada it is common to have mortgages that have interest compounded semi-annually(5.24/2), with payments made monthly.
3 q5 h( k" V$ i5 T" M& |( r) t   1 pv, 0 pmt, 1.0262 FV, 6 N ----- CPT I/Y = 0.43197466
- [1 T) y; l- \) n# T7 ^2.Adjusted mortgage balance
) n' a9 g- C. ~2 C  q0 _$ \  300,000 * 10% = 30,000 downpayment
  j3 P4 K1 E- A0 U' N9 {  300,000-30,000 = 270,000 mortgage requried
% l2 i. D; ^$ D) F) @8 }2 \' X  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
& ~8 I" a6 o. j8 E  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
" m9 z) j" t! ~. i) c% r4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48