房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
! A+ R7 T4 p+ a  z5 W4 ~        25 years mortgage (25 * 12 = 300 months)
5 @. G8 l: A5 g% G5 v. I1 f        rate 5.24

" m2 o2 J9 B2 ]2 }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
) F  Y* t( X) n  Q  300,000 * 10% = 30,000 downpayment
  300,000-30,000 = 270,000 mortgage requried
. p' ]2 Q' S# i3 L  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
  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