How to calculate the interest on the house loan?
1. There are two algorithms for mortgage interest: equal principal and interest repayment method and average capital repayment method. Matching principal and interest repayment method is to add the total loan amount and the interest to be paid, divide it by the number of months of loan, and share it evenly into the monthly repayment amount. But the monthly repayment amount is not only this average, but also the principal that increases month by month and the interest that decreases gradually. The repayment method of average capital is that the monthly repayment amount is the monthly average of the total loan plus the sum of two months' interest. This is a mortgage interest algorithm with relatively low total repayment interest and high prepayment pressure.
2. As can be seen from the algorithm of mortgage interest, if your monthly income is high, try to choose the average capital repayment method, which can greatly reduce the interest payment. If your monthly income is average, try to choose the repayment method of equal principal and interest, so that although the total repayment interest is large, the monthly repayment pressure is relatively small.
3 Lending is divided into commercial lending _ provident fund lending and mixed lending. During this period, the interest rate of commercial loans can be as high as twice that of provident fund loans. Therefore, provident fund loan is the first choice for buyers, but what if the loan amount exceeds the provident fund loan amount at any time? At this time, we can reduce the loan interest rate to a great extent through the mixed use of provident fund and commercial loans.
How to calculate the down payment for buying a house with a loan?
1. The down payment ratio is 30% of the total house price for the first suite and 60% of the total house price for the second suite. Also, considering the repayment risk of loans, many banks will require buyers to provide a part of the house down payment, and the house down payment means that you have to pay a part of the house payment in advance to prove that you have the repayment level.
Let's take Shanghai as an example. On March 25th, 2006, Shanghai issued "Several Opinions on Further Improving Shanghai's Residential Shopping Center System and Security System to Promote the Stable and Healthy Development of Real Estate Shopping Centers", which made it clear that the down payment ratio should not be less than 50% for families who own/kloc-0 apartments and require commercial private houses to borrow again to buy ordinary self-occupied apartments in order to improve their living conditions. For the purchase of non-ordinary self-occupied housing, the down payment ratio shall not be less than 70%.
2. Accounting method The down payment amount is determined according to the national policy at that time. For example: 30,000 yuan/flat house, 100 flat house is 3 million. Then, 20% down payment is 600,000, 30% down payment is 900,000, and 40% down payment is 654.38+0.2 million.
After reading so many questions about how to calculate the interest on loan to buy a house, we now know how to calculate the interest on loan to buy a house, which can be used for reference.