房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
. P9 B. V& z  B, B0 J" d% n        10% down payment
: C; O$ S: s" }0 W; m  V        25 years mortgage (25 * 12 = 300 months)
        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
) W* d9 A* X9 p- K  F2.Adjusted mortgage balance
7 T% Q$ K3 x" ~3 ]8 e  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
  g  t+ u; u- a1 k, ~  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
/ k" ]( Z; i- j  h' b. k  270,000 * 2% = 5,400
4 w. s6 g/ Z! Y1 R! I. r  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
8 I: A# ^) [6 {' O' |* @  H; J/ [( w4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48