Nowadays, buying a house is a major event in life. But many people lament that because the salary is too low, they can only look at the house price. In recent years, in order to promote economic development, banks have developed loans to buy houses, which has solved many people's big problems. Many friends have chosen mortgage loans to buy a house. But when friends buy a house loan, have they calculated what money they should pay back and how much money they have already paid back? Today, Tutu will share with you an artifact, the housing mortgage calculator, referred to as the mortgage calculator.
Mortgage calculator is a professional mortgage calculation software. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.
1. Calculate the monthly payment, total interest and total repayment when the average capital and equal principal and interest repayment methods are selected for commercial loans.
2. Short-term loans generally use one-time repayment of principal and interest or installment repayment of principal and interest, and this calculator is not applicable.
Operating steps:
Step 1: First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate;
Step 2: Select whether to display repayment details, and click "Calculate" to get detailed information such as monthly repayment amount, total loan interest, and total repayment amount in each installment.
As can be seen from the above formula
Principal: total loan amount
Number of repayment months: loan term X 12. For example, for a loan of 10 years, the repayment period is 10X 12= 120 months.
Monthly interest rate: monthly interest rate = annual interest rate/12.
Annual interest rate: that is, in the hot topic of mortgage discussion, the figure obtained after the base interest rate is 30% off and 8.5% off.
Cumulative repayment amount: the cumulative repayment amount in the first month of average capital repayment law is 0.
For example: 2009 annual interest rate table
Basic annual interest rate: 5.94%, 15% discount, annual interest rate: 5.05%.
30% annual interest rate: 4. 1% provident fund annual interest rate: 3.87%.
explain
Mr. Wang borrowed 400,000 yuan from the bank to buy a house and paid it off in 20 years. The bank gave Mr. Wang a 30% interest rate.
If the annual interest rate is changed to monthly interest rate, the monthly interest rate is 4.16%/12 = 0.00347.
Average capital repayment method:
Monthly principal = 400,000/240 =1.67
Monthly principal and interest = 400,000× 0.00347 =1388.
Repayment in the first month =1.671388 = 3054.67 (yuan)
Four characteristics
Features 1: loan types can be selected at will-different loan types such as commercial loans, provident fund loans or portfolio loans can be selected at will, and multiple housing loan calculators have been successfully integrated.
Feature 2: Collect all kinds of mortgage interest rate calculators-the calculator comes with the loan interest rate over the years, the provident fund loan interest rate, and the loan interest rate can be customized.
Feature 3: Choose different loan types, repayment methods and terms? Combine multiple loan schemes, automatically save them in the list, easily compare and choose the most economical and suitable loan scheme!
Feature 4: The calculation results can be exported and printed! -Summarize the calculation results of different loan schemes, which can be exported and printed!
After reading the basic knowledge and calculation formula of the housing mortgage calculator introduced by Rabbit for friends, I wonder if friends have calculated how much it costs to buy a house? The mortgage calculator can help us calculate many loans, not only the house where we live, but also the house for business purposes. With such a magical calculator, when you buy a house in the future, the accounts will be clear and you will never be confused again.
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How to calculate the monthly mortgage calculator
First, the calculator calculates the monthly mortgage payment as follows:
1. Open any browser on your computer, enter "Mortgage Calculator 2020 Loan Calculator" and click "Search".
Browser computer: macbookpromos 14 open Google version 92.0.4515.131.
2. Click to select a webpage in the pop-up picture.
3. Choose commercial loans or housing provident fund loans according to your own loan details.
4. After completing all the items, select Calculate.
5. The calculation result comes out. You can check the form according to your repayment method.
Secondly, through the monthly payment of the housing loan calculator, users can more conveniently calculate how much money they need to pay back each month, which brings great convenience to users. Among them, the bank loan calculator is highly reliable, but it is mainly theoretical and will be different from the actual calculation. The loan calculator of the real estate website is mainly based on the bank loan calculator.
Third, simply put, the mortgage calculator is the software to calculate the monthly mortgage payment and interest. This software can help people quickly calculate the monthly repayment amount and help people choose the appropriate loan amount. How to calculate the monthly mortgage payment depends on the situation. After all, the calculation methods of average capital and equal principal and interest are different.
1. How to use the mortgage calculator?
1. Open the mortgage calculator applied by Baidu, enter the loan amount and loan term in the "Commercial Loan" window, and click "Calculate" (assuming the loan 1 10,000, 20 years, benchmark interest rate, equal principal and interest repayment).
2. The results of the mortgage calculator are quickly displayed below, and "monthly payment" (6544.44 yuan) is the answer we are looking for.
Second, what is a mortgage calculator?
Housing loan calculator includes personal housing mortgage loan calculator, housing loan calculator, mortgage loan calculator and other functions. Mortgage calculator can provide two repayment methods: average capital repayment method and equal principal and interest repayment method. When using, you only need to choose the corresponding loan method, fill in the corresponding loan amount and choose the loan term, and choose your own repayment method, so you can calculate the monthly mortgage repayment amount according to the latest loan interest rate. After the calculation of mortgage calculator is completed, you can also view the detailed repayment information.
How to use mortgage calculator
Operating Steps: Step 1: First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate;
Step 2: Select whether to display repayment details, and click "Calculate" to get detailed information such as monthly repayment amount, total loan interest, total repayment amount, etc.
point out
1. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.
2. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.
According to the repayment formula of general mortgage loans, it can be divided into two types:
I. Calculation formula of equal principal and interest:
Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.
It should be pointed out that:
1, the maximum amount of urban provident fund loans should be combined with local conditions;
2. For residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policies for buying ordinary self-occupied housing with the first set of loans shall be implemented mutatis mutandis.
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This concludes the introduction of commercial loan mortgage calculator and commercial loan calculator mortgage calculator 2020. I wonder if you found the information you need from it?