The LPR interest rate is published once a month, but the actual loan interest rate is formed by adding the LPR interest rate. Therefore, as long as we know the principal, loan term and current LPR interest rate, we can calculate the interest within the agreed period. When the interest rate changes, just add a new LPR interest rate to calculate the new interest.

Of course, some users set the agreed term as the whole loan term, which is equivalent to the fixed interest rate after adding LPR interest rate.

How to calculate the floating interest rate of mortgage lpr

Calculation of floating interest rate of mortgage lpr: mortgage interest rate = benchmark interest rate * (1 floating ratio). The full name of LPR is "loan market quotation", which is the loan market quotation formed by the People's Bank of China comprehensive 18 representative commercial banks. Published on the 20th of each month (postponed in case of holidays), currently including 1 year and more than 5 years. The original mortgage interest rate is a floating rate loan, which is based on the benchmark interest rate of the loan. The discounted or floating interest rate based on the benchmark interest rate is a fixed interest rate. After the reform of LPR, the interest rate is calculated on the basis of LPR.

First of all, since most homebuyers have a mortgage loan term of more than 5 years, the interest rate of mortgage loan LPR mainly depends on the varieties with a term of more than 5 years. If the purchaser chooses the previous fixed mortgage model, it will still be implemented according to the original contract, unchanged; If property buyers choose to refer to LPR, the interest rate may change, changing year by year, which will be more market-oriented with the floating change of LPR. For example, your current mortgage is 20 years, and the interest rate is 10% off the benchmark interest rate. In the case of fixed interest rate, the benchmark loan interest rate is 4.9%, and the interest rate after 10% discount is 4.4 1%. 20 19 12 the LPR over five years is 4.8%, which was announced by Yang Ma last year. There is a difference (201912) between your mortgage interest rate and the LPR of more than five years: 4.41%-4.8% =-0.39%. If the difference is positive, it is the floating base point. Negative is the basic point of decline.

Second, here, let's first understand three concepts: conversion time: the time when the pricing benchmark of personal mortgage is converted into LPR (from March 1 to August 3 1 in 2020). When converting, we need to negotiate with the bank to determine: first, add and subtract points, which is the difference we just calculated; The second is the repricing date and repricing cycle. Re-pricing date: refers to the time to recalculate the loan execution interest rate according to the latest pricing benchmark (the benchmark interest rate of the loan before conversion and the converted LPR). Generally, it is 65438+ 10/month 1 year, or the date corresponding to the annual loan issuance date. Re-pricing cycle: Re-determine the cycle of executing interest rate. If the mortgage interest rate changes once a year, the repricing cycle is one year. If you agree to convert the mortgage pricing benchmark into LPR, the latest applicable mortgage interest rate = the difference between the latest five-year LPR+ 1 before the repricing date. If your re-pricing date is 65438+ 10/every year, then the last five-year LPR before the re-pricing date refers to the five-year LPR released in 65438+February of the previous year. This year's mortgage interest rate = 2019 65438+February 5-year LPR(4.8%)+ difference = 2019 65438+February 5-year LPR(4.8%)+ difference of Dashuai (-0.39%) = 4.465438+.

Third, I want to remind you that the latest five-year LPR announced by the central bank the day before yesterday is 4.65%. If it remains unchanged in 65438+ February this year (this is uncertain and unknown, just an estimate of calculation and understanding). Mortgage interest rate in 20265438 +0 years = 65438 in 2020+5 years LPR+February difference = 4.65%+(-0.39%) = 4.26% Loan interest rate fluctuates, which is not cost-effective.

If your repricing date is the loan release date (August 1 every year), the latest 5-year LPR before the repricing date refers to the 5-year LPR released in July. The mortgage interest rate of 4.2 1-7.3 1 this year = 2019 65438+February 5-year LPR+(4.8%)+ difference = 4.8%+(-0.39%) = 4.41.

How to calculate lpr? What does this mean?

LPR refers to the best lending rate, which is also the legal lending rate. LPR has a high degree of marketization, which can fully reflect the relationship between supply and demand in the credit market. Using LPR for loan pricing can promote the marketization of loan interest rate and improve the transmission efficiency from market interest rate to credit interest rate.

"LPR" is published on the 20th of every month, which will be postponed in case of holidays. The calculation method of LPR is that 18 banks * * * offer the same price. The calculation method is: remove a * price and a *, * to get the average, and re-quote on the 20th of each month. It can be simply explained as interest rate marketization.

Previously, the lending rate of commercial banks was "the benchmark lending rate of the central bank × (1 n%)", but after 20 19 10 8, the lending rate of commercial banks became LPR N basis points. LPR includes 1 year and more than 5 years.

1 and "LPR+ floating interest rate" are one of the conversion schemes of mortgage interest rate. For customers with floating interest rate loans, it is necessary to change the loan interest rate pricing method agreed in the original contract to LPR based on the corresponding term. Or directly converted into a fixed interest rate.

2. If the selected conversion scheme is "LPR+ floating interest rate", the converted interest rate level is equal to the latest interest rate implementation level of the original contract. On the repricing date, the new interest rate will be calculated according to the latest LPR and implemented in the next cycle. The value-added amount is equal to the latest interest rate execution level of the original contract at the time of conversion minus the current LPR quotation of the corresponding period.

3. For example, a customer's mortgage interest rate is 5.25%, the annual re-pricing date is 65438+ 10/0, and it is changed to LPR on August 1 0, 2020. The quotation of LPR 2065 438+09 12.20 is: 4.80% over 5 years, then the added value (which can be negative) can be calculated as: 5.25%-4.80% = 0.45%.

After the conversion, the customer's mortgage interest rate is still 5.25% temporarily. At 65438+1 October1next year, add 0.45% to the lowest LPR at that time to get the new interest rate, and then implement the new mortgage interest rate next year.

LPR mortgage floating interest rate?

Mortgage LPR is not a floating interest rate.

These two definitions are different. LPR is the quoted interest rate in the loan market. It is the interest rate calculated after the quotation bank submits its own quotation to the National Interbank Funding Center on the 20th of each month, and then the National Interbank Funding Center removes the highest price and the lowest price, and then carries out arithmetic average.

Floating interest rate refers to the interest rate that is adjusted by banks according to their own situation and market changes on the basis of the benchmark interest rate of central bank loans.

Since the LPR reform from 2065438 to August 2009, the five-year LPR has been lowered four times, from 4.85% to 4.6%, and further reduced to 4.45% after this adjustment. Different from corporate loans, individual housing loans have a long term. At present, more than 99% of individual housing loan interest rates are linked to LPR with a term of more than five years.