房屋贷款算法,计算器BA II PLUS

我要...

Assume: House value 300,000
        10% down payment
4 E- [0 O: `% @# ~+ |7 {) H        25 years mortgage (25 * 12 = 300 months)
3 a' D" L  ]% p! N        rate 5.24
% |  S/ Q3 @" x- b. T: Q7 \
, z9 j, i: w% U1.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- v3 _- {# E2 \- X/ |4 ^/ h" J2.Adjusted mortgage balance
  300,000 * 10% = 30,000 downpayment
: g$ [0 L' G2 Z1 a9 ]$ C3 D  300,000-30,000 = 270,000 mortgage requried
( B( o( }) y: u- E5 V+ a# {8 d  270,000/300,000 = 90% ---- 2% premium % of loan amount (CMHC)
  270,000 * 2% = 5,400
. A; f- D; ]5 a5 J" Z$ h8 u4 L  adjusted mortgage balance: 270,000 + 5,400 = 275,400
  P0 E0 M3 ]3 G( ]; a; D9 C: h( Z3. 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