First of all, since most homebuyers have a mortgage loan term of more than 5 years, the interest rate of mortgage loan LPR mainly depends on the varieties with a term of more than 5 years. If the purchaser chooses the previous fixed mortgage model, it will still be implemented according to the original contract, unchanged; If property buyers choose to refer to LPR, the interest rate may change, changing year by year, which will be more market-oriented with the floating change of LPR. For example, your current mortgage is 20 years, and the interest rate is 10% off the benchmark interest rate. In the case of fixed interest rate, the benchmark loan interest rate is 4.9%, and the interest rate after 10% discount is 4.4 1%. 20 19 12 the LPR over five years is 4.8%, which was announced by Yang Ma last year. There is a difference (201912) between your mortgage interest rate and the LPR of more than five years: 4.41%-4.8% =-0.39%. If the difference is positive, it is the floating base point. Negative is the basic point of decline.
Second, here, let's first understand three concepts: conversion time: the time when the pricing benchmark of personal mortgage is converted into LPR (from March 1 to August 3 1 in 2020). When converting, we need to negotiate with the bank to determine: first, add and subtract points, which is the difference we just calculated; The second is the repricing date and repricing cycle. Re-pricing date: refers to the time to recalculate the loan execution interest rate according to the latest pricing benchmark (the benchmark interest rate of the loan before conversion and the converted LPR). Generally, it is 65438+ 10/month 1 year, or the date corresponding to the annual loan issuance date. Re-pricing cycle: Re-determine the cycle of executing interest rate. If the mortgage interest rate changes once a year, the repricing cycle is one year. If you agree to convert the mortgage pricing benchmark into LPR, the latest applicable mortgage interest rate = the difference between the latest five-year LPR+ 1 before the repricing date. If your re-pricing date is 65438+ 10/every year, then the last five-year LPR before the re-pricing date refers to the five-year LPR released in 65438+February of the previous year. This year's mortgage interest rate = 2019 65438+February 5-year LPR(4.8%)+ difference = 2019 65438+February 5-year LPR(4.8%)+ difference of Dashuai (-0.39%) = 4.465438+.
Third, I want to remind you that the latest five-year LPR announced by the central bank the day before yesterday is 4.65%. If it remains unchanged in 65438+ February this year (this is uncertain and unknown, just an estimate of calculation and understanding). Mortgage interest rate in 20265438 +0 years = 65438 in 2020+5 years LPR+February difference = 4.65%+(-0.39%) = 4.26% Loan interest rate fluctuates, which is not cost-effective.
If your repricing date is the loan release date (August 1 every year), the latest 5-year LPR before the repricing date refers to the 5-year LPR released in July. The mortgage interest rate of 4.2 1-7.3 1 this year = 2019 65438+February 5-year LPR+(4.8%)+ difference = 4.8%+(-0.39%) = 4.41.