First, how to calculate the interest on buying a house?
1. Divide the loan amount into n installments according to the number of repayment periods, and multiply the outstanding amount of each installment by the loan interest rate until the current interest is paid off; The principal and interest during the loan period will be calculated on an annual basis, and the sum of the principal and interest repaid in each period is equal. The calculation of interest is complicated, and the interest of each period is not equal, but the sum of principal and interest of each period is equal.
2. The first interest is the principal amount multiplied by the loan interest rate, and the principal repaid in the first period is the equal annuity repaid in each period minus the first interest; The interest calculation of the second phase is to subtract the principal repaid in the first phase from the total loan principal to get the second phase principal, and then multiply it by the loan interest rate to get the interest payable in the second phase, and so on.
What should be considered is the downward adjustment of mortgage interest rate. At present, banks cut the benchmark interest rate by 30% for the first suite, but the criteria for determining the mortgage for the second suite are different. If you buy too many sets of commercial housing, as long as you settle the previous mortgage, some banks also admit that it is the first suite. When lending, you can compare the interest rate policies of many banks and strive to enjoy the lower interest rate limit of 30% lower benchmark interest rate.
Second, how much is the interest on the house loan?
1, mortgage interest rate, refers to the loan with real estate in the bank, and the loan shall pay interest at the interest rate stipulated by the bank. China's mortgage interest rate is uniformly stipulated by the People's Bank of China, and all commercial banks can float within a certain range. The loan interest rate for less than one year (including one year) is 4.35%; The interest rate for one year to five years (including five years) is 4.75%; More than five years is 4.90%. In 20 18 years, banks will also implement this benchmark interest rate.
2. The benchmark interest rate for commercial loans with a loan term of more than 5 years is 4.90%. Due to the policy of restricting purchases and loans, local banks have different efforts to adjust the interest rate of the first home loan. According to the data of Bank Information Port, the average interest rate of the first suite in China is 5.38%, and the interest rate generally rises by 5%-20%. The interest rate of the second home loan generally rose 10%-30%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans generally rose 10%.
3. The second suite is defined as the number of mortgage loans based on the borrower's family (including the borrower, spouse and minor children). Families who have used provident fund loans or commercial loans to buy houses and apply for mortgages again are regarded as second suites.
Although there is a standard for the interest rate of loans, there is also a floating range, so the interest rate of housing loans handled by different banks may be different. It is best for buyers to consult several banks before buying a house to find out clearly.