What's the interest on the house loan of 20 16? How to calculate? I believe many friends are more concerned about this issue. Now Anxin Loan Bianxiao Company will introduce it to you, hoping to help you.
What is the interest on the house loan of 1.20 16?
Those who apply for mortgage after 20 15, 10 years10.24 can be calculated at the latest interest rate of 4.9% (5 to 30 years). As for the provident fund, the interest rate of individual housing provident fund loans has not been adjusted due to the interest rate cut on October 24th, 2065438+2005/kloc-0. The loan interest rate of individual housing provident fund for more than five years has been lowered four times this year, from 4.25% at the beginning of the year to 3.25% at present.
Before the bank makes further adjustments, the interest rate of 20 16 housing loan will remain unchanged!
Since most banks adjust interest rates according to the following year, many friends who have already made loans before the loan interest rate adjustment will adjust the housing loan interest rate from 20 16 1 to the latest interest rate.
For example: a house, 100 square meter, 10000 square meter, 30% down payment, mortgage loan for 20 years, what is the monthly payment and total interest?
It is known that the total house price is 6,543,800,000 yuan, with a down payment of 300,000 yuan and a mortgage of 700,000 yuan, with a term of 20 years. According to the current benchmark interest rate of 6.55%, Bian Xiao has introduced two repayment calculation methods: equal principal and interest and average capital.
Second, how to calculate the interest of 20 16 house loan?
1, equal principal and interest method: calculation formula
Monthly repayment amount = principal * monthly interest rate * [(1+monthly interest rate) n/[(1+monthly interest rate) n- 1]
Where n represents the number of months of loan, and n represents the power of n, for example, 240 represents the power of 240 (20 years and 240 months of loan).
Monthly interest rate = annual interest rate/12
Total interest = monthly repayment amount * loan months-principal
After calculation, the monthly repayment amount is 5239.64 yuan (the same every month). The total repayment is 12575 13.09 yuan, and the total interest is 5575 13.09 yuan.
2. Average capital method: calculation formula.
Monthly repayment amount = principal /n+ remaining principal * monthly interest rate
Total interest = principal * monthly interest rate * (loan months /2+0.5)
After calculation, the repayment amount in the first month is 6737.50 yuan (then it will be reduced month by month, and the repayment amount in the last month is 2932.59 yuan). The total repayment is1160410.42 yuan, and the total interest is 4604 10.42 yuan.
Compared with the above two methods, the average capital method is 97 102.66 yuan less than the equal principal and interest method.
When the borrower goes through the loan formalities at the bank, he can choose which way to repay the loan.