If it is a commercial loan to buy a house, there are two repayment methods according to the current interest rate of 5.88%.
Equal principal and interest, the same monthly repayment amount, 360,000 20-year total interest of 253,029.99 yuan, and the monthly repayment amount of 2554.29 yuan.
The average capital pays the same amount of principal every month. The total interest of 360,000 yuan for 20 years is 212,562 yuan. In the first year, it was still around 3,200 per month, and in the second year, it was still more than 3 100 per month, and only more than 1500 per month.
Matching principal and interest method: loan principal: 360,000 yuan, assuming annual interest rate: 4.9 1666%, loan term: 20 years; Monthly repayment of principal and interest: 2359.3 yuan, total principal and interest: 566232 yuan, total interest payable: 206232 yuan. The interest paid in 1 month is:1475; The first 1 month principal repayment is: 884.3; Since then, the monthly interest repayment amount has decreased and the principal has increased. (without considering the adjustment of interest rate in the middle)