Only when the interest rate remains unchanged, the calculation result is approximate.
The amortization amount of each period shall be calculated unconditionally to RMB.
Monthly principal and interest payable = loan principal x {[(1+monthly interest rate) x months] x monthly interest rate} {[( 1+ monthly interest rate) x months ]- 1}.
The principal is 654.38+0 million.
The annual interest rate is 2.5% (the monthly interest rate is 0.208%)
Loan for 20 years (240 months)
After conversion, the monthly principal interest is 5300 yuan.
Here's the thing. ...
The loan interest rate is really low. ...