20 16, ICBC's mortgage interest rate for more than five years is 3.25%. According to the calculation formula of interest (interest = principal × interest rate× time) and existing information (loan amount, interest rate and term), the interest amount can be calculated:

Interest = principal × interest rate× term =245000×3.25%×20= 159250.

According to the total amount of interest repaid, the amount of monthly payment can be calculated according to the calculation formula of monthly payment.

Monthly repayment amount = (loan amount+interest amount)/number of installments = (245000+159250)/(20×12) ≈1684.4.

20 16 industrial and commercial mortgage loan is 245,000 yuan, with interest to be repaid in 20 years 159250, and monthly loan amount 1684.4. The above repayment methods are all equal principal and interest repayment methods, which is also the choice of mortgage repayment methods.

Mortgage interest rate is generally a floating interest rate, which can only be used as a repayment standard for a period of time.