The repayment methods of most banks mainly include equal principal and interest and average capital. The main difference between the two is that the former has the same repayment amount in each installment, that is, the total monthly principal plus interest is the same, but the interest burden is relatively large; The latter is also called "decreasing repayment method". The monthly principal is the same but the interest is different. The early repayment pressure is great, the later repayment amount is gradually reduced, and the total interest burden is less.
For borrowers with strong repayment ability, stable income and additional sources of income, they can apply to the bank for equal repayment of the principal to achieve the purpose of saving interest. However, the repayment method of average capital is not suitable for all buyers, because its monthly payment is an inverted pyramid structure, which means that the amount of repayment in advance is high, which is not suitable for people with high loan pressure.
In the case of your high monthly income, it is suggested that you may wish to consider the repayment of equal principal.
As for the repayment time, of course, the shorter the repayment time, the less interest.
For example, if you are the first suite, you can enjoy a 15% discount, and the loan is 1.5 million yuan:
The repayment period is 5 years, and the interest is about 20,000 to 30,000; The interest of 10 is 40,000-60,000.