Everyone usually needs to pay a lot of interest after applying for a large housing loan from the bank. What people are more concerned about is how much interest they need to pay to repay the mortgage. Next, Bian Xiao will briefly introduce to you how much mortgage interest is generally.
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1, the interest of mortgage is usually closely related to the bank loan interest rate. According to relevant national regulations, the loan term of our bank is within 1 year, and its loan interest rate is 4.35%; If our loan term is 1-5 years, then the interest rate of the mortgage is 4.75%; If our loan term exceeds 5 years, the interest rate is 4.9%. You can also choose a provident fund loan to buy a house, and its interest rate is usually lower than that of commercial loans. If the term of the provident fund loan is less than 5 years, the interest rate is 2.75%; The loan term is over 5 years and the interest rate is 3.25%.
2. Usually, the bank's mortgage interest rate will rise or fall according to the basic interest rate. Because of the influence of the 20 18 property market regulation policy, the mortgage interest rates of banks all over the country have been raised. According to the statistics of relevant institutions, the average interest rate of the first suite in China reached 5.69% from 2065438 to August 2008, including 5. 16% in Shanghai, 5.39% in Xiamen and 5.47% in Beijing. The average interest rate in Guangzhou is 5.55% and so on.
3. According to the statistics of relevant institutions, the interest rates of most banks in China rose by 15-20%. Among them, 128 banks' interest rates rose by 20%, and 28 banks' interest rates rose by 30%. The interest rates of the first suite of ABC, Bank of Communications and China Construction Bank rose by 15%, and the interest rates of the second suite rose by 20%. The interest rates of the first and second suites of ICBC and Postal Savings Bank rose by 20%.
At present, there are two repayment methods of mortgage: equal principal and interest and average principal. Interest = principal × actual days × daily interest rate or total interest = monthly repayment amount-loan months-principal. If we borrow 6,543,800 yuan, the loan term is 20 years, and the interest rate is 5.47%, and choose the repayment method of equal principal and interest, then the interest we need to repay is 646,865.60 yuan. The average capital repayment interest is 549,278.73 yuan.
Bian Xiao concluded: Bian Xiao introduced the general interest rate of mortgage here, hoping to provide reference for everyone who read this article. We can also ask the staff of the loan bank to help us calculate the interest on the mortgage.
How much is the housing in the mortgage interest rate?
Because the house price in our country is very high now, ordinary families can't pay in full when they want to buy a house, so most people choose mortgage loans when they buy a house, which can alleviate a lot of pressure. Mortgage to buy a house only needs to repay the principal and interest on a monthly basis, so what is the mortgage interest rate?
1. What is the mortgage interest rate?
According to the mortgage interest rate currently announced by the People's Bank of China:
① The annual interest rate of loans from 0 to 6 months (including 6 months) is 4.35%.
② The annual interest rate of loans from 6 months to 1 year (including 1 year) is 4.35%.
③ 1 to 3 years (including 3 years) with an annual interest rate of 4.75%.
(4) The annual interest rate of loans for three to five years (including five years) is 4.75%.
⑤ The annual interest rate of loans for 5 to 30 years (including 30 years) is 4.9%.
⑥ If you buy the first suite, you can enjoy preferential treatment, and the lowest benchmark interest rate can be lowered by 30%.
Second, how to calculate the mortgage interest rate?
The calculation method of mortgage interest rate is divided into: equal principal and interest method, which adds up the principal and total interest of mortgage, and then distributes it evenly to each month of repayment period. Repay the principal in equal amount, spread the principal to each month, and pay off the interest between the last trading day and the repayment date.
1. Calculation formula of equal principal and interest method: monthly repayment amount = monthly interest rate of principal [( 1 interest rate) n/[( 1 interest rate) n-1]; Where n represents the number of months of loan, and n represents the power of n, for example, 240 represents the power of 240 (20 years and 240 months of loan), and the monthly interest rate = annual interest rate/12; Total interest = monthly repayment amount-loan months-principal.
2. Calculation formula of average capital method: monthly repayment amount = principal /n monthly interest rate of remaining principal; Total interest = monthly interest rate of principal (loan months /20.5).
Bian Xiao concluded: The above is an article shared by Bian Xiao today. What is the mortgage interest rate and how to calculate the mortgage interest rate? I hope the article shared by Bian Xiao can help you.
What is the interest rate of individual housing loan?
Nowadays, many buyers choose mortgage loans to buy houses, so as to reduce the pressure on their own housing funds. If they want to apply for a mortgage loan to buy a house, they must pay attention to the interest rate of personal housing loans. What is the interest rate of individual housing loan? Let's take a look at Bian Xiao's introduction.
What is the interest rate of individual housing loan?
1. At present, the benchmark interest rate of commercial loans with a loan term of more than five years in China is 4.90%. Due to the policy of restricting purchases and loans, banks in different regions have different efforts to adjust the interest rate of the first home loan. According to the survey, the national average loan interest rate for the first home is 5.38%, the loan interest rate generally rises by about 5% to 20%, and the loan interest rate for the second home generally rises by 65,438. In the same period, if the knowledge bureau is destroyed and the housing provident fund loan is used, the benchmark interest rate of the loan is 3.25%, and the interest rate of the second home loan generally rises 10%.
2. The current loan amount is determined by the lender's family (including the lender, spouse and minor children). If the family has applied for housing provident fund loans or commercial loans to buy a house, it will be regarded as a second suite when applying for housing loans again.
3. The survey shows that from February 2065438 to February 2009, the average interest rate of the first home loan in China was 5.63%, which was equivalent to 1. 149 times of the benchmark interest rate, which was 0.53% lower than that in June. In February last year, the average interest rate of the first home loan was 5.46%, up 3. 1 1%. The average interest rate of the second home loan in China is 5.99%.
4. The latest benchmark interest rates for commercial loans are as follows:
All kinds of loans
Unit:%
six months
4.35 One year
4.35 One to three years
4.75 Three to five years
4.75 More than five years
4.905. Interest rate of the first suite of commercial mortgage (at least 30% down payment)
Unit:%
General grant interest rate
1. 1 time (5.39%)
Minimum loan interest rate
1. 1 time (5.39%)
Maximum interest rate
1.2 times (5.88%)
Note: The interest rate in this table is the benchmark interest rate for loans. At present, the interest rate of the first home commercial loan is usually 1. 1 times, and some banks have slightly lowered or raised it). Up to 70% loan (minimum down payment is 30%)
6. Interest rate of commercial mortgage second home (minimum down payment is 30%)
At present, the interest rate of the second home loan is more than 1.2 times or even higher than the benchmark interest rate. Meanwhile, the borrower's loan interest rate
It is related to the qualifications of banks and borrowers. Up to 70% loan (minimum down payment is 30%)
General grant interest rate
1.2 times (5.88%)
Minimum loan interest rate
1. 1 time (5.39%)
Maximum interest rate
1.3 times (6.37%)
7. Interest rate of provident fund loans
deadline
loan rate
Within 5 years (including 5 years)
2.75%
More than 5 years
3.25%
8. Interest rate of provident fund second home loan
deadline
benchmark interest rate
1. 1 times the benchmark interest rate
Within 5 years (including 5 years)
2.75%
3.025%
More than 5 years
3.25%
3.575%
The above is a detailed introduction about the interest rate of individual housing loan, hoping to help everyone. Because the loan amount and loan term are different, the interest rate of individual housing loan will be different. The specific interest rate of individual housing loans should be consulted with local loan banks.
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What is the current mortgage interest rate?
At present, the housing loan interest rate is divided into three types according to the length of the loan:
1, short-term loans within one year, including one-year mortgage interest rate of 4.35%.
2. The loan term is more than one year and less than five years, including five years of medium and long-term loans. The mortgage interest rate is 4.75%. If the loan term is more than five years, the mortgage interest rate is 4.90%.
3. Buy a house with a provident fund loan. The mortgage interest rate is 2.75% for less than five years and 3.25% for more than five years.
In addition, the mortgage interest rate is not static, and will always fluctuate with the situation of the mortgage market.
Can I refinance my house loan if I haven't repaid it? If the house loan has not been repaid, a second loan can be made. After the first loan, the house still has the remaining property value. As long as the applicant meets the requirements, is over 18 years old and not over 65 years old, has a legal identity certificate, has a good credit status, has a stable income and a job, and ensures timely and full repayment. After meeting the above conditions, he can apply for a second mortgage from the bank only by providing information to the relevant departments.
How to cancel the mortgage after the house loan is paid off? 1. After the loan is settled, the borrower shall go to the management department with the settlement notice issued by the borrowing bank, and the center shall issue the Notice of Cancellation of Real Estate Mortgage in triplicate, with one kept by the center and two kept by the borrower.
2. To obtain the house ownership certificate, the borrower shall go to the personal loan department of the relevant department with his valid ID card and the mortgage cancellation procedures, and the sub-center shall receive the house ownership certificate and the mortgage cancellation notice issued by the personal loan department, sub-center and trading center.
3. Go through the formalities of understanding the mortgage. The borrower goes to the local Naizhen property right transaction department to handle the mortgage cancellation procedures.
What is the current benchmark interest rate for mortgage loans?
1. Short-term loan: the interest rate is 4.35% within six months (including six months) and 4.35% from six months to one year (including one year);
2. Medium and long-term loans: the interest rate for one to five years (including five years) is 4.75%, and the interest rate for more than five years is 4.90%;
3. Provident fund loan: the interest rate for less than five years (including five years) is 2.75%, and the interest rate for more than five years is 3.25%.
The above is the current mortgage benchmark interest rate.
Different loan methods have different interest rates, among which the interest rate of provident fund loans will be relatively low. The longer the loan term, the higher the loan interest rate, and all banks will float above the benchmark interest rate of the central bank. In order to help you understand the specific content, let's explain in detail the mortgage interest rates of major banks in 2022.
In 2022, the interest rate of central bank loans will be 4.35% within one year (including one year), 4.75% within one to five years (including five years), and 4.9% for loans over five years. For individual housing provident fund loans, the loan interest rate for five years and below is 2.75%, and the loan interest rate for five years and above is 3.25%.
The average mortgage is more than five years, and most provident fund loans are not enough to support the current total mortgage, so the interest rate of commercial loans is the most representative.
Then, let's look at the floating level of commercial banks.
We can see that the central bank's loan interest rate for more than five years is 4.9%, which has returned to the level of about 20 15.
At present, China Bank, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank, Bank of Communications Yinshan Sub-branch and Postal Savings Bank are the major banks in China, and their loan interest rates are all based on the benchmark interest rate of the central bank.
Let's talk about the introduction of the interest rate of the loan house first.