1, repayment method of equal principal and interest
That is, the borrower repays the loan principal and interest with the same amount every month, also known as the equal principal and interest method. Its characteristic is that the first repayment pressure is reduced by calculating the cost of monthly repayment, but the interest of the first repayment accounts for most of the monthly repayment, and the proportion of repayment interest is gradually reduced, reaching high interest in the same way, but it is still in the early stage.
2. Average capital repayment method
That is, the loan interest decreases month by month with the principal, and the repayment amount also decreases month by month, so it is also called the diminishing method. Its characteristic is to repay the principal every month and calculate the interest on a daily basis according to the loan principal amount. The early repayment amount is large, and the monthly repayment amount is gradually reduced. The interest paid by this repayment method is low, but the pressure of prepayment is great.
Personal housing commercial loan is a kind of loan that China citizens apply to the bank for the purchase of commercial housing, and it is a self-operated loan issued by the bank with its credit funds. Specifically, when buying owner-occupied housing in cities and towns in this city, the purchased property housing (or other guarantee methods recognized by the bank) is used as collateral, and the commercial housing loan applied to the bank is used as the guarantee for repayment of the loan. Mortgage loan is a kind of commercial loan.
Second, how to calculate the monthly mortgage payment?
The specific calculation method is as follows:
Take 200,000 and 20 years as examples.
The bank loan interest rate is comprehensively evaluated according to the credit situation of the loan, and the loan interest rate level is determined according to the credit situation, collateral and national policy (whether it is the first suite). If all aspects are evaluated well, the mortgage interest rates implemented by different banks are different. Under the current policy, the first suite is generally calculated according to the benchmark interest rate:
1 and July 7th, after adjustment, the interest rate over five years is 7.05%, and the monthly interest rate is 7.05%/ 12.
2. Repay 200,000 yuan every month in 20 years (240 months).
3.2000007.05%/ 12 ( 17.05%/ 12) 240/[( 17.05%/ 12) 240- 1].
4. Description: 240 is the power of 240.
Extended data:
Procedures for monthly mortgage payment terms:
People are most concerned about the conditions and procedures in the purchase loan. First of all, the information to be provided for housing loan:
1.3. Original and photocopy of the ID card and household registration book of the applicant and spouse (if the applicant and spouse are not registered in the same household, a marriage certificate shall be attached).
2. The original purchase agreement.
3. 1 Original and photocopy of advance payment receipt for 30% or more of the house price.
4. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the unit, bank deposit certificate, etc.
5. The developer's collection account number is 1 copy.