房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
# A( [) A" T5 Q  s( |) e        25 years mortgage (25 * 12 = 300 months)
7 W; n& _: ?3 V& }( O7 H" Q        rate 5.24
% G/ P6 `' C$ ]; @, K
1.effective rate 0.43197466
, V  F, h1 l+ I1 G0 E2 _9 m  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
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
) ~; i; Y( J3 J$ T  270,000 * 2% = 5,400
0 m  W7 K7 c/ S1 W  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