loan term: 3 years (36 months)
Four situations of paying off all loans with the interest rate unchanged:
☆ According to commercial loans, Calculation of equal principal and interest
Annual interest rate: 6.55% (monthly interest rate: 5.45833333333 ‰)
Monthly payment: 1,588.4 yuan
Total interest rate: 321,823.87 yuan
☆ According to commercial loans, Average capital calculated
the annual interest rate: 6.55% (monthly interest rate: 5.458333333333 ‰)
the first monthly payment: 259.3 yuan
the monthly decrease: 3.79 yuan
the last monthly payment: 698.23 yuan
the total interest: 24637.29. Calculation of equal principal and interest
Annual interest rate: 4.5% (monthly interest rate: 3.75‰)
Monthly payment: 1,266.71 yuan
Total interest rate: 26,16.78 yuan
☆ According to the provident fund loan, Average capital calculated
the annual interest rate: 4.5% (monthly interest rate: 3.75‰)
the first monthly payment: 1,631.94 yuan
the monthly payment: 697.5 yuan
the total interest rate: 169,218.75 yuan
the loan principal: 25, yuan.
four situations of paying off all loans with constant interest rate:
☆ According to commercial loans, equal principal and interest are calculated
Annual interest rate: 6.55% (monthly interest rate: 5.458333333333 ‰)
Monthly payment: 2,845.6 yuan
Total interest: 91,47.64 yuan < Average capital calculated
the annual interest rate: 6.55% (monthly interest rate: 5.458333333333 ‰)
the first monthly payment: 3,447.92 yuan
the monthly decrease: 11.37 yuan
the last monthly payment: 294.7 yuan
the total interest: 82,557.29. Calculation of equal principal and interest
Annual interest rate: 4.5% (monthly interest rate: 3.75‰)
Monthly payment: 2,59.96 yuan
Total interest rate: 6,915.23 yuan
☆ According to the provident fund loan, Average capital calculated
the annual interest rate: 4.5% (monthly interest rate: 3.75‰)
the first monthly payment: 3,2.83 yuan
the monthly decrease: 7.81 yuan
the last monthly payment: 291.15 yuan
the total interest rate: 56,718.75 yuan
in the monthly repayment. The repayment method in average capital pays the same amount of principal every month, while the repayment method of equal principal and interest gradually increases the amount of principal every month.