Formula of equal principal and interest method (n is the number of months): monthly repayment amount = principal * monthly interest rate *[( 1+ monthly interest rate) n]/[( 1+ monthly interest rate) n- 1]

The total loan amount is 200,000 yuan, the benchmark annual interest rate is 4.900%, and the loan period is 8 years.

Year: Matching principal and interest: the monthly repayment amount of principal and interest is: 2,522.47 yuan, and the total repayment amount is:

242 157. 12 yuan, * * Interest payable: 42 157. 12 yuan. The interest paid in 1 month is: 816.67; The repayment of the principal in the first 1 month is 1705.8.