Choose the same monthly payment, and the number of periods will be reduced. If you feel that the monthly supply pressure can be tolerated, then choose that the monthly supply is basically unchanged. After all, you can pay less interest and pay more interest. I suggest that you still choose to repay in advance, minimize the principal and shorten the loan period, so that you will pay less interest.

If you apply for a loan at China Merchants Bank, you will repay the loan principal in advance. If the principal is reduced, the total interest will also be reduced. After prepayment, it is generally to keep the monthly payment unchanged and shorten the loan period.

It is worth mentioning that after the buyers start to repay the loan on schedule, if they want to repay the loan in advance within one year, the bank is likely to charge a certain penalty. If the loan is repaid in advance after one year, many of them will not receive liquidated damages. Different banks have different rules. If you have the idea of repaying the mortgage in advance, you can consult the bank outlets in advance.

Extended data:

Early repayment means that the borrower applies to the bank to repay part of his loan in advance, and guarantees that the loan will be repaid in the current month without being overdue last month; Pay off all or part of the loan in one lump sum according to the date stipulated by the bank.

According to the different repayment methods, the borrower can choose to reduce the term or amount. It is understood that at present, most banks can provide five ways to repay loans in advance for customers to choose from.

First, all loans are repaid in advance, that is, customers pay off all remaining loans at one time. (There is no need to repay the interest, but it will not be refunded if it is paid)

Second, a part of the loan will be repaid in advance, and the monthly repayment amount of the remaining loan will remain unchanged, thus shortening the repayment cycle. (save more interest)

Third, repay some loans in advance, reduce the monthly repayment amount of the remaining loans, and keep the repayment period unchanged. (Reduce the monthly payment burden, but less than the second type)

Fourth, repay some loans in advance, reduce the monthly repayment amount of the remaining loans and shorten the repayment cycle. (save more interest)

Fifth, the remaining loans keep the total principal unchanged and only shorten the repayment period. (The monthly payment will increase and the interest will decrease, but it is relatively uneconomical.)