Buying a house with a loan requires a down payment. The down payment ratio of buying the first suite is 30%, 25 * 0.3 = 75,000 yuan, and the loan is required175,000 yuan. After that, how much each month depends on the loan period. The longer the loan term (for example, 30 years), the lower the monthly repayment amount and the more the total interest expense. The shorter the loan term (for example, 10 year), the higher the monthly repayment amount, and the less the total interest expense.

For example, if you want to borrow 175000 yuan, the current interest rate is 6.80% temporarily. After calculation, the monthly repayment amount is 1335.84 yuan, and the total principal and interest is 320,602.60 yuan, of which the interest is145,602.60 yuan. Therefore, the loan (by stages) costs more than one-time payment (in full) 145602.60 yuan.

The process of buying a house by loan is simple as follows:

1. Take a fancy to the house and sign the Purchase Contract with the developer;

2. 30% down payment;

3. Information to be provided:

(1) Valid identity certificate and household registration book of the borrower and spouse (the second-generation ID card needs to be printed on the back, and the household registration book should copy the title page, home page, borrower and spouse page).

(2) Marriage certificate: the certificate issued by the marriage registration office where the household registration is located (single certificate); Divorce provides a divorce certificate; Married people provide marriage certificates.

(3) The original purchase contract signed by the borrower and the selling unit.

(4) If it is a provident fund loan, it is necessary to provide the loan application approval form filled out by the borrower and his spouse, and the housing provident fund deposit certificate.

(5) The wage income certificate issued by the unit is not less than the down payment certificate of 30% of the total house price.

4. The loan bank conducts a preliminary examination of the above information, and if it passes, the borrower signs a Loan Contract and a House Mortgage Contract at the bank.

5, the bank joint review, through the loan.

6. The borrower repays the loan on a monthly basis; Loan settlement; House mortgage cancellation.

The above is the general process of housing loan. General developers will assist buyers.

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