2. average capital repayment method: Repay the principal in equal amount every month, and then calculate the interest according to the remaining principal, so you will pay more interest at first, so the repayment amount will be more at first, and then it will be reduced every month in the following time. The advantage of this method is that because the initial repayment amount is large, the interest expense will be reduced, which is more suitable for families with strong repayment ability. Average fund calculation formula: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
How to calculate the monthly loan for buying a house?
1. The total house price required cannot exceed the actual repayment capacity. Although it will cost tomorrow to buy a house with a loan, the overdraft limit must be controlled within the effective solvency. The total purchase price of ordinary property buyers shall not exceed 6 times of the annual household income, and the monthly repayment shall not exceed 60% of the monthly income.
2. The down payment is not as little as possible. The down payment of the Buyer shall not be less than 20% of the total house price. The larger the loan amount, the less the down payment. If you choose a small down payment, you can use other funds for other purposes. Therefore, if the property buyers have extra deposits and there are other better ways, they can choose to pay less down payment, because others may be greater than the loan interest.
3. The repayment period should be appropriate. The shorter the loan term, the less the monthly repayment. You should choose the repayment period according to your future income and expenditure and life stage. With the same loan amount, the monthly repayment amount in ten years is more than that in twenty years, but the total repayment amount is less than that in twenty years.