For a 1.15 million house, the down payment is 345,000, because according to current policies, the minimum loan ratio when buying a house is 30%. As for the monthly payment amount, it also depends on the actual situation. It mainly depends on the interest rate of the loan, and the interest rate of the loan has a great relationship with the term of the loan and the method of the loan. If the loan term is 30 years, calculated based on the interest rate of 4.1%, and choosing the repayment method of equal principal and interest, the monthly payment amount will be 4,107 yuan. However, in the actual loan process, the interest rate is not fixed, and there are some differences in the interest rates given by various banks.

Can the monthly house payment be paid off in advance?

The monthly payment for purchasing a house can be settled in advance. There are three ways to pay off the loan. Repaying the entire loan in advance means that the borrower will pay off the entire remaining loan at once. This method is suitable for those at hand. Mortgage borrowers who have extra money and no other investments. You can choose to repay part of the loan in advance but keep the monthly repayment amount unchanged for the remaining loan and shorten the repayment period. This method is suitable for people whose monthly income may decrease in the future or whose household expenses will gradually increase in the future. The interest saved is also relatively large. Partial early repayment will reduce the monthly repayment amount, but keep the repayment time unchanged. This method is suitable for people who reduce monthly payment pressure in the short term, but whose income is relatively stable in the long term.

Can I pay 70% of the down payment for a house?

Of course you can pay 70% of the down payment for the house. In fact, the down payment ratio for the first house cannot be less than 20% of the house price. The more the down payment is, the lower the monthly payment will be. As for how much to pay, It depends on your actual situation.