Legal analysis: Take the housing mortgage loan as an example, the loan is 1 10,000 yuan, the loan term is 10 year, and the loan interest rate is 5.635%, so the monthly payment is 1, and the repayment of the equal principal and interest: the monthly payment is about 109 19 yuan, and the total repayment amount is. 2. Repay the principal in equal amount: the first monthly payment is about 13020 yuan, and then it will be reduced by about 30-40 yuan every month. The total repayment amount is about 1284097 yuan, and the interest is about 284090 yuan. Of course, the exact amount needs to be asked by the local lending institution.

Legal basis: Article 20 of the Regulations on the Administration of RMB Interest Rate, short-term loans (with a term of less than one year, including one year) shall bear interest according to the legal loan interest rate of the corresponding grade on the signing date of the loan contract. During the loan contract period, in case of interest rate adjustment, interest will not be calculated by installments. Short-term loans are settled quarterly, and the 20th day of the last month of each quarter is the settlement date; If the interest is settled on a monthly basis, the 20th of each month is the interest settlement date. The specific interest settlement method shall be determined by the borrower and the lender through consultation. Interest that cannot be paid on schedule during the loan period shall be compounded quarterly or monthly according to the loan contract interest rate, and after loans overdue, at the default interest rate. When the last loan is paid off, the profit will be paid off with the principal.

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