The current benchmark interest rate was adjusted and implemented on July 7, 20 1 1 year. The interest rate for more than five years is 7.05%, and the floating monthly interest rate is 7.05% *1.0512.

Monthly payment of 200,000 yuan for 20 years (240 months):

200000 * 7.05% * 1.05/ 12 * ( 1+7.05% * 1.05/ 12) 240/[( 1+7.05)

Description: 240 is the power of 240.

According to the benchmark interest rate, the monthly interest rate is 7.05%/ 12.

Monthly payment of 200,000 yuan for 20 years (240 months):

200000 * 7.05%/ 12 * ( 1+7.05%/ 12) 240/[( 1+7.05%/ 12) 240-65438]