Mortgage interest rate cut
/kloc-0,000,000 commercial loans for 25 years can save nearly 1200 yuan's interest every month.
A few days ago, the central bank announced the loan market quotation (LPR) of this month: 65,438+3.7% for a 0-year period and 4.6% for a 5-year period, with a downward adjustment of 10 basis point (1 basis point equals 0.0 1%) and 5 basis points respectively. Since mortgage interest rates are mostly linked to 5-year LPR, banks began to implement the latest interest rates last week.
At present, Beijing's personal housing loan pricing benchmark is: the interest rate of the first set of commercial personal housing loans is not lower than LPR 55 basis points in the same period, and the interest rate of the second set of commercial personal housing loans is not lower than LPR 105 basis points in the same period.
Previously, the lower limit of the first home loan interest rate in Beijing was 5.20%, and the lower limit of the second home loan interest rate was 5.70%; From 65438+1October 2 1, they all decreased by 5 basis points, which were 5. 15% and 5.65% respectively.
Don't underestimate these five basic points, which have a great influence on the monthly supply.
Take the 25-year 654.38+100,000 commercial mortgage as an example. The monthly mortgage for the first home loan is 5933.63 yuan, and the monthly mortgage for the second home loan is 6230.78 yuan, which is 297.6438+05 yuan higher than that for the first home loan.
If the loan amount is 4 million yuan, the monthly payment for the first home loan is 23,724.52 yuan, the monthly payment for the second home loan is 24,923.12 yuan, and the monthly payment difference is 1 188.6 yuan. Twenty-five years later, the first home loan paid 356,600 yuan less interest than the second home loan.
Cherish the opportunity to buy a house for the first time.
The down payment of the first set of 5 million properties is 6.5438+0.25 million less than that of the second set.
Young people don't have much savings when they buy a house for the first time. For most people, it is more difficult to receive a down payment of millions of mortgages at one time than to meet the monthly payment.
At present, the down payment ratio of the first suite in Beijing is not less than 35%. Purchase of non-ordinary self-occupied housing, the down payment ratio is not less than 40%; The down payment ratio of the second home loan is not less than 60%, and the down payment ratio of non-ordinary self-occupied housing is not less than 80%, which is 25% and 40% higher than the first home loan respectively.
Based on a set of 5 million ordinary houses in Beijing, it takes 6.5438+0.75 million yuan to apply for the first home loan down payment; If it is a second home loan, it needs a down payment of 3 million yuan, with a difference of 6.5438+0.25 million yuan. The down payment pressure of the first home loan is much smaller.
Of course, the loan amount of the second home loan is also 654.38+0.25 million yuan less than that of the first home loan, and the monthly supply will be reduced accordingly. But for young people who are on the rise, their income will generally increase year by year, and the pressure of monthly supply will only get smaller and smaller; But the down payment should be paid in one lump sum soon after signing the contract. If the loan cannot be made up, the house may also "fly".
How to identify the first suite? Beijing implements the policy of "recognizing housing and recognizing loans", that is, those who have no housing in the city under the name of their families and have no records of commercial housing loans and provident fund housing loans can enjoy the first home loan treatment. If there is no room in the name, but there is a loan record, it can only be calculated according to the second suite.
How to choose the average capital with equal principal and interest?
For example, if you buy a house for the first time and buy a house of 5 million yuan, the down payment is 6.5438+0.75 million, the loan is 3.25 million, the term is 25 years, and the interest rate is 5./kloc-0.5%. What is the difference between equal principal and interest and equal principal repayment?
Average capital plus interest
● repayment amount in the first month 19284.29 yuan.
● From the second month, the monthly repayment is 19284.29 yuan.
● The total principal and interest is 5785285.64 yuan.
● Pay interest of 2,535,285.64 yuan.
Average capital
● The repayment amount in the first month is 247,865,438+0.25 yuan.
In the second month, it began to decrease by 46.49 yuan month by month.
● The total principal and interest is 534,965,438+0,665,438+0.46 yuan.
● Pay interest 2099 16 1.46 yuan.
watch out for
Which repayment method is more suitable for young people?
Many property buyers are not clear about the difference between equal principal and interest and average capital when preparing to buy a house. Although there is only one word difference between the two, there is actually a big difference.
In fact, the monthly payment of the purchaser includes principal and interest. The most important feature of principal and interest matching is that the monthly repayment amount is the same, but the monthly principal and interest ratio is different. The proportion of principal increases month by month, and the proportion of interest decreases month by month. In the "principal and interest" distribution ratio of monthly payment, the interest ratio paid in the first half is large, and the principal ratio is small. After the repayment period is over half, it gradually changes to the principal ratio and the interest ratio is small.
The advantage of equal principal and interest repayment method is that the amount of loans repaid each month is the same, and the repayment is stable, which is convenient for lenders to arrange their own income and expenditure plans reasonably; The biggest disadvantage of this repayment method is that it pays more interest, so it is more suitable for young people whose income will gradually increase in the future.
The biggest feature of the average capital method is that the principal is unchanged every month, the interest is different, and the monthly payment is decreasing month by month. Therefore, the repayment amount of the average capital method is the largest in the first month, and then decreases month by month, and the less the more. The advantage of this repayment method is that the interest expense is relatively small, and the disadvantage is that the pressure of early repayment is relatively large, which is suitable for people with relatively high current income, but their future income may be reduced, who are ready to repay in advance or have plans to replace in a few years.
For example, when a young man buys a house for the first time, he wants to buy a house of 5 million, with a down payment of 6.5438+0.75 million, a loan of 3.25 million, a term of 25 years, an interest rate of 5. 15%, a monthly repayment of 19284.29 yuan, and a total interest of 25 years of 2,535,285.64 yuan; If the repayment method of average capital is adopted, the repayment in the first month is 247,865,438 yuan +0.25 yuan, which is nearly 5,500 yuan higher than that in the matching principal and interest method, and then it is reduced by 46.49 yuan per month. The total interest expenditure in 25 years will be 209,965,438 yuan +0.46 yuan, which is 436,000 yuan less than the equal principal and interest method. However, most property buyers will choose to repay in advance, and the general repayment period will not exceed 10 years, so the actual interest of the two methods is similar. However, an increase of 5,000 yuan per month will greatly affect the quality of life now. Therefore, the equal principal and interest repayment method is more suitable for young people.
This group/reporter Cheng Wei