Current location - Loan Platform Complete Network - Bank loan - Loan 1.5 million yuan, 60 installments in 5 years, and monthly interest 1.5%. What is my monthly principal and interest? How to calculate?
Loan 1.5 million yuan, 60 installments in 5 years, and monthly interest 1.5%. What is my monthly principal and interest? How to calculate?
Under the equal principal and interest repayment method, the monthly repayment amount is 2897.9 yuan, including 2250 yuan of interest and 647.9 yuan of principal.

Under the repayment mode of average capital, the repayment amount in the first month is 365,438+025 yuan, and then it will decrease by 65,438+00.94 yuan every month. In the 60th month, the monthly payment is 25 14.38 yuan, the total repayment amount is 176306.25 yuan, and the interest needs to be repaid 26306.25 yuan.