In addition, since the end of August 2020, most homebuyers in China have converted the mortgage interest rate into LPR. Compared with fixed interest rate, LPR is more floating, so it is more troublesome to calculate. So if the mortgage is 400,000 yuan and the loan time is 20 years, how much interest does a * * * have? Let me briefly talk about my views on this issue.
The mortgage is 400,000 yuan and the loan is 20 years. A * * *, how much interest. For your convenience, I will explain it according to the fixed interest rate and LPR respectively.
1, if a fixed interest rate is used.
The calculation method of fixed interest rate is relatively simple. The formula is that the basic interest rate is 4.9%+ floating, and the floating range of each city is different. In addition, the floating range of the first suite and the second suite is also different. For example, the floating range of the first suite in Shanghai is 15%, and that of the second suite is 20%. The first suite in Wuxi rose by 20%, the second suite rose by 25% and so on.
That is to say, if it rises by 15%, then 4.9%x 1. 15=5.635%, and if it rises by 20%, it is 4.9x 1.2=5.88%.
If the mortgage interest rate is 5.88%, the loan is 400,000 yuan, the 20-year interest is 28. 1 1 10,000 yuan, and the monthly payment is 2,838 yuan, it is still relatively large.
2. If LPR is adopted.
LPR is also called "floating interest rate" because it is more floating and will change according to the "cold and warm" of the real estate market.
The calculation method of LPR is benchmark interest rate+basis point. Unlike the fixed interest rate, LPR will not only change the basis point, but also change the benchmark interest rate. For example, according to the data of the central bank, the benchmark interest rate of five-year LPR in 20 19 is 4.8%, and it will drop to 4.65% in 12 in 2020.
At present, the benchmark interest rate of five-year LPR is 4.65%, which means that if it is raised by 50 basis points, the LPR will be 4.65%+0.5% = 5.15%; If 100 basis point is increased, then LPR is 4.65%+ 1%=5.65%.
Calculated by 5.65%, the loan is 400,000 yuan, the 20-year interest is 268,500 yuan, and the monthly payment is 2,785 yuan.
Although from the current situation, the interest rate of LPR is less than the fixed interest rate, considering that LPR is a floating interest rate, that is to say, the interest rate will change, and it may be raised by 150 basis points from February this year. Obviously, the interest must be more than the fixed interest rate, and vice versa.
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