The interest rate offered by the post office is 30% off the benchmark interest rate, 4. 158% per year.
Loan amount: 220,000.0 yuan; Loan term: 30.0 years.
Annual loan interest rate: 4. 158% repayment method: equal principal and interest.
The monthly payment is 1070.45 yuan.
This monthly payment includes interest and principal (at the beginning, the ratio of principal to interest is usually 7 to 3, that is, more than 700 yuan is interest). That is to say, it is not to pay the interest first and then the principal!
After you have paid off the monthly payment for 30 years and 360 months, your total principal and interest repayment is 3,856,238+0 yuan. After deducting your principal of 220,000 yuan, the rest is interest.
If you repay the loan in advance at some point before this, your interest settlement time will be based on this time. Of course, the interest generated by your loan will be reduced accordingly.
Can you understand?