According to the general mortgage repayment formula, it can be divided into two types:
1. Calculation formula of equal principal and interest: calculation principle: the bank will receive the interest of the remaining principal first, and then receive the principal of the monthly contribution; The proportion of interest in monthly contributions decreases with the decrease of residual principal, and the proportion of principal in monthly contributions increases with the increase, but the total monthly contributions remain 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.
2. Calculation formula of average funds: monthly repayment amount = monthly principal and interest, and monthly principal = principal/repayment months.
Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate. Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.
Extended data:
Procedure:
1. The borrower shall fill in the application for house mortgage before the loan, and submit the following supporting materials issued by the bank: the borrower's fixed income certificate issued by the borrower's unit; Credit certification documents such as business license and legal person certificate of the loan guarantor.
Legal and valid identity certificate of the borrower; Proof of the ownership of the house or proof that I have the right to control the house according to law; Appraisal report, appraisal report and insurance certificate of mortgaged real estate; Contracts, agreements or other supporting documents for the purchase and construction of houses; Other documents or materials required by the lending bank.
2. The bank examines the borrower's loan application, purchase contract, agreement and related materials.
3. The borrower shall submit the certificate of ownership of the mortgaged property and the insurance policy or securities to the bank for safekeeping.
4. The borrower and the borrower's guarantor sign the housing mortgage loan contract and notarize it.
5. After the loan contract is signed and notarized, the bank's deposits and loans to the borrower are transferred to the selling unit or building unit specified in the purchase contract or agreement.
6. The loan applicant repays the loan on a monthly basis.