房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
$ G( Q9 z# l& \4 \: V# a8 s        25 years mortgage (25 * 12 = 300 months)
: Y' b! K! o* f- H$ d5 L6 S6 s, ]        rate 5.24
) M5 R* d- Z0 h* H6 Y% w
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
9 a9 L% u  X1 k  300,000-30,000 = 270,000 mortgage requried
  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
8 |- \0 J- F* ^6 c  270,000 * 2% = 5,400
. `) l( K4 q! W# t3 {  adjusted mortgage balance: 270,000 + 5,400 = 275,400
3. PV 275,400, N 300, 0.43197466 I/Y, 0 FV, CPT PMT = $1637.20 monthly payment
+ }  `! Q6 K, l8 i! {$ A4. TOTAL INTEREST PAID IN 25 YEAR ABOUT $216,157.48