Monthly payment = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) × monthly interest rate.
Monthly repayable principal = loan principal ÷ repayment months
Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated principal repayment) × monthly interest rate
Monthly decreasing amount = monthly repayable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate.
Total interest = [(total loan ÷ repayment months+total loan × monthly interest rate)+total loan ÷ repayment months ×( 1+ monthly interest rate) ]> 2× repayment months-total loan.
Note: monthly interest rate = annual interest rate12.
154 =15×15 (the fourth power of15 means the product of four15).
Loan amount: 200,000 yuan
Loan term: 10 year (120 months)
Several situations in which the interest rate remains unchanged and the loan is fully paid off:
☆ Calculated by commercial loans and average capital.
year
profit
Interest rate: 7.05% (monthly interest rate 5.875‰)
The first monthly payment: 28,465,438+0.67 yuan.
Decreasing month by month: 9.79 yuan
Monthly payment at the end of the month: 1676.46 yuan.
total
profit
Interest: 7 1087.5 yuan
☆ Calculated by provident fund loans and average capital.
year
profit
Interest rate: 4.9% (monthly interest rate 4.0333 ‰)
Monthly payment for the first month: 2483.33 yuan.
Decreasing month by month: 9.79 yuan
Monthly payment at the end of the month: 1673.47 yuan.
total
profit
Interest: 49,408.33 yuan
Three months before commercial loan:
moon
Repay interest
Monthly repayment amount
Residual principal
1
1 175
284 1.666667
198333.3333
2
1 165.208333
283 1.875
196666.6667
three
1 155.4 16667
2822.083333
195000
Three months before the provident fund loan:
moon
Repay interest
Monthly repayment amount
Residual principal
1
8 16.6666667
2483.333333
198333.3333
2
809.86 1 1 1 1 1
2476.527778
196666.6667
three
803.0555556
2469.722222
195000