Buying a mortgage for the first time is 270 thousand, and there are still 20 years left. How to calculate? How much do you pay back every month?

According to the current bank benchmark interest rate, the loan is 270,000 yuan and the mortgage is 20 years. Monthly payments are as follows:

Matching principal and interest repayment method:

The total loan amount is 270,000.00 yuan.

Number of repayment months: 240 months

Monthly repayment 1842.08 yuan.

Total interest paid 172099.03 yuan.

The total principal and interest is 442,099.03 yuan.

Average capital repayment method:

The total loan amount is 270,000.00 yuan.

Number of repayment months: 240 months

The repayment in the first month is 2340.00 yuan.

Decreasing monthly: 5.06 yuan

Total interest paid 146407.50 yuan.

The total principal and interest is 4 16407.50 yuan.