1. Equal principal and interest repayment method: that is, the borrower repays the loan principal and interest in equal amount every month, in which the monthly loan interest is calculated according to the actual remaining loan principal and settled every month. Because the monthly repayment amount is equal, in the initial monthly repayment of the loan, after excluding the monthly settlement interest, the loan principal is less; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more.
2. Average capital repayment method: As the monthly repayment of the principal is fixed, the monthly loan interest decreases month by month with the decrease of the principal balance. The average capital repayment method has a large monthly repayment amount at the initial stage of the loan and then decreases month by month, so there is a great pressure in the early stage of repayment of the equal principal.
3, the difference:
① The total amount of interest is different: for the same term and loan amount, the interest of equal principal and interest is much higher than the interest of average capital;
② Different repayment pressures: On average, there is a large amount of money to be repaid every month in the early stage of capital, but the amount to be repaid in the later stage is less and less, so the repayment pressure in the early stage is high and the repayment pressure in the later stage is low. Equal principal and interest every month, moderate pressure;
③ The cost of prepayment is different: the average capital pays more principal in the early stage, and the equal principal and interest pays more interest in the early stage. Therefore, if prepayment is considered, the shorter the loan time, the more cost-effective the average capital will be than the equal principal and interest.
4. Calculation method:
① The calculation formula of average capital is: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate;
Matching principal repayment: the lender will allocate the principal to each month and pay off the interest from the previous trading day to the repayment date. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.
② The calculation formula of equal principal and interest is: monthly repayment amount = [loan principal× monthly interest rate× (1+monthly interest rate )× repayment months ]=[( 1+ monthly interest rate )× repayment months];
Matching principal and interest repayment is to add up the total principal and interest of mortgage loans and then distribute them evenly to each month of repayment period. The monthly repayment amount is fixed, but the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month.
Tips: The above contents are for reference only.
Reply time: 202 1- 12-09. Please refer to the latest business changes announced by Ping An Bank in official website.