If you want to know the monthly principal and interest, it depends on your repayment method. Mortgage repayment methods are divided into two types: equal principal and interest and equal principal and interest.

If the mortgage loan is repaid with equal principal and interest, then the monthly repayment amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]↓[( 1+ monthly interest rate )× repayment months] Everyone should know that during the loan period, the interest rate is the same every month, but the ratio of interest to principal is different. Interest should be paid in the early stage of the loan, and the proportion of principal will be higher and higher in the later stage.

If the mortgage method is mortgage, the repayment amount of this month (principal+interest) = (principal+interest)+(principal+interest) × monthly interest rate. Among them, monthly repayment principal = loan principal × monthly repayment times, and monthly repayment interest = (principal-principal-principal) × monthly interest rate.

Can I repay the loan first?

The answer is that you can retire first.

1, partial prepayment

There are two ways to repay the loan in advance: the first is to reduce the payment period while keeping the monthly repayment amount unchanged; In addition, you can reduce your repayment amount, but your repayment time will not change. The advantage of the first scheme is that the interest rate can be lowered, and the advantage of the latter scheme is that the monthly supply can be reduced and the pressure on the monthly supply can be alleviated.

2. Repay in full in advance

What is prepayment, that is, prepayment of all debts. The repayment method is to go to the local housing authority to cancel the mortgage, and then give you all the loans according to the regulations of the housing authority, so that you don't have to worry about the loan problem anymore, and the ownership of the house is entirely yours.

Problems needing attention in repaying loans in advance

1, remember to surrender.

When the borrower pays off all the loans in advance, the original individual housing mortgage insurance contract is also terminated in advance. According to the relevant laws and regulations, the borrower can apply to the insurance company for a monthly refund of the premium paid with the original insurance policy and prepaid loan certificate. So, after you pay off all the loans, don't forget to ask the insurance company and the tax department for your money back.

2. Remember to refund the tax.

Also, don't forget to go to the tax bureau for tax refund. When buying a commercial house, all households who should be refunded should be written into the purchase contract as the property owner. After signing the contract and paying the house price, the "personal income tax base deduction paid by the buyer" should be handled immediately, and my "general tax payment book" should be obtained.

You can obtain a certificate of immovable property after advance payment, and report to the tax authorities within six months after handling the certificate of immovable property ownership.

3. Don't prepay in the first year.

Please remember, in the first year of loan, never prepay. According to the relevant provisions of provident fund loans, part of the prepayment should be repaid one year after the loan, and the repayment amount should not be less than 6 months. In addition, in the loan contract, the person who pays back the money in advance cannot breach the contract. If it is due, he should pay off the arrears first, and then make an early repayment.