Two repayment methods and calculation formulas of housing loan
1. Matching principal and interest repayment method, the interest expense is the largest and the principal is the least in the initial repayment stage. After that, the interest payment gradually decreased and the principal gradually increased, but the monthly repayment amount (principal and interest) was the same. It is more suitable for young people with low income and little savings, because the pressure of monthly payment will not reduce the quality of life. The formula is:
Monthly repayment amount = monthly interest rate of loan principal (1 monthly interest rate) /(( 1 monthly interest rate)-1 total monthly repayment amount)
2, the average capital repayment method, refers to the monthly repayment of the loan principal, the loan interest decreases month by month with the principal and interest, and the monthly repayment amount (principal and interest) gradually decreases. The total interest paid is less than the equal principal and interest method. Suitable for middle-aged people with high income and certain savings. The formula is:
Monthly repayment amount = loan principal/total repayment months (loan principal-accumulated repaid principal) monthly interest rate, where: accumulated repaid principal = loan principal/total repayment months.
Calculation formula of personal mortgage loan amount
Calculation formula of personal mortgage loan amount: loan amount = collateral evaluation value × collateral evaluation value ratio. According to the risk control standard of the loan company, the personal mortgage loan amount shall not exceed 70% of the appraised value of the real estate, and the specific loan amount shall be subject to the provisions of the relevant lending institutions.
The full mortgage of the house cannot exceed 70% of the real estate assessment value, and the amount of the second mortgage of the house cannot exceed 70% of the real estate assessment value minus the bank loan balance; The amount of mortgage loan for a full car cannot exceed 50% of the assessed value of the car, and the amount of mortgage loan for an installment car cannot exceed 50% of the assessed value of the car minus the balance of the bank loan.
The assessed value of collateral has a great influence on the amount of mortgage loan. The higher the appraisal value of the collateral, the higher the loan amount that the lender can apply for. Housing mortgage loan, the general loan amount is between 50% and 70% of the assessed value of the collateral.
The valuation of collateral is not equal to the market value of collateral. The market fluctuation of real estate is still high. In order to be lower than the fluctuating price of the real estate market, lending institutions will leave room on the basis of the housing market price.
Lenders' personal credit records, personal income, liabilities and loan purposes are the main reference conditions for lending institutions. The loan conditions of various lending institutions are similar, but the loan amount is different.
Calculation formula of mortgage loan amount
Calculation method of mortgage loan amount:
1. Generally speaking, different mortgaged properties have different loan amounts. Under normal circumstances, the mortgage of commercial housing can reach 70%, the mortgage of shops and offices can reach 60%, and the mortgage of industrial plants can reach 50%.
2. There are many factors that affect the amount of mortgage loan. The evaluation of real estate is an important factor that directly affects the amount of mortgage loans. Among them, the real estate appraisal value mainly includes type, orientation, location, year of construction, floor, etc.
3. The mortgage loan limit is also directly related to the assets owned by the borrower. If there is only one property, the loan can only be half the value of real estate assessment at most; If you have multiple properties, you can borrow 70-80% of the value of real estate assessment.
4. The amount of personal income will also be considered as a loan factor by banks. If the personal income is low, the bank will reduce the loan amount after considering the borrower's repayment ability.
Among them, the calculation formula of provident fund mortgage loan is: loan amount = (borrower's monthly provident fund deposit/sum of unit and individual deposit ratio/sum of spouse's monthly provident fund deposit/sum of unit and individual deposit ratio) 35% 12 month loan period.
Calculation formula of personal housing mortgage loan in banks
Housing mortgage loan is a kind of loan provided by the bank to ensure the safety of the loan. The borrower's real estate, securities and other documents can legally obtain the lien and pledge of the borrower's property through certain contracts.
This kind of loan is actually a loan method in which the debtor (mortgagor) legally transfers the property ownership to the creditor (mortgagee) to obtain a loan. During this period, if the debtor fails to repay the loan principal and interest on schedule, the creditor has the right to dispose of the collateral and get priority compensation.
There are three main formulas for calculating the amount of personal housing mortgage loans of banks:
1, calculated according to repayment ability
Loan amount = (the sum of the borrower's monthly contribution to the provident fund/the contribution ratio of units and individuals) 35% 12 months loan period.
2. Calculated according to the deposit amount of provident fund.
Loan amount = (balance of borrower's provident fund deposit, balance of spouse's provident fund deposit) 20 times the time coefficient of borrower's deposit.
3. Valuation of the house
The appraisal value of individual housing mortgage loan is between 50% and 80%, that is, the loan amount is 50%-80% of the housing value.
Calculation formula of mortgage interest rate
Interest rate = interest/principal/time × 100%
For example: deposit 100 yuan,
The bank promised to pay an annual interest rate of 4.2%
Then the bank will pay 4.2 yuan interest in the second year.
The calculation formula is 100×4.2%=4.2 yuan.
The formula is: interest rate = interest ÷ principal ÷ time × 100%.
Interest = principal × interest rate× time
= 100×4.2%=4.2 yuan.
The final withdrawal 104.2= 104.2 yuan.
Extended data
Matters needing attention
1. When applying for a loan, the borrower makes a correct judgment on his repayment ability. Design a repayment plan according to your income level, leaving room for it and not affecting your normal life.
2. Choose the appropriate repayment method. There are two repayment methods: equal repayment and equal principal repayment. Once the repayment method is agreed in the contract, it shall not be changed during the whole loan period.
3. Repay on time every month to avoid penalty interest. From the month following the initiation of the loan, the lending time of the next month is usually the repayment date. Don't default on the penalty interest because of your negligence, so that the bank can't approve the loan application again.
4. Take care of your contract and receipt, read the terms of the contract carefully, and know your rights and obligations.
How to calculate the interest of real estate mortgage loan?
The interest calculation formula of the loan is as follows:
1. If interest is calculated, the calculation formula of loan interest is: loan interest = principal interest rate, and loan term.
2. If the interest rate is calculated, the calculation formula of the loan interest rate is: loan interest rate = principal/interest rate loan period.
In fact, the execution interest rate of each bank will fluctuate. Please refer to the actual transaction interest rate for details.
2. Which bank has low interest on commercial loans?
Banks with low commercial loan interest rates include China Bank, China Construction Bank, Agricultural Bank and China Industrial and Commercial Bank.
202 1 The latest data shows that the mortgage interest rates of the four major state-owned banks are generally around 3.85%. For credit loans, the lowest loan interest rate is China Bank, and the current loan interest rate is 2.6%. After that, ICBC will repay the principal and interest in equal amount, with the longest installment of five years and the loan interest rate as low as 3%.
Note: The level of loan interest is also related to the lender's personal comprehensive qualification, loan business type, loan amount, repayment method, loan term and other factors.
Second, how to get the lowest loan interest?
1, amount ≤3W:
This general suggestion is to cash in with a credit card, use Alipay's flowers, borrow them, and so on. Used for loans, and the general interest rate is relatively low, easy to use.
2. Amount ≤ 10W:
The secured loan is good. Looking for a guarantor, maybe in my hometown rural credit cooperative. Credit companies require to work for more than half a year, or have a business license for one year, but the self-employed who just started can't get it.
3. Amount ≤50W
500 thousand, depending on how many years you want to pay back. It can be one year, two years, three years, five years. If there is collateral, it is recommended to apply for a mortgage loan, and the interest rate of the mortgage loan will be lower than that of the credit loan. According to the purpose of the loan, it can be regarded as a consumer loan, and the interest rate rises by more than 30% on the basis of the benchmark interest rate. Of course, if you have acquaintances, you can have fewer. The repayment method can be equal principal and interest, with monthly interest paid every year or at maturity. Banks generally like the repayment method of equal principal and interest. In view of the actual situation, it is recommended to apply for mortgage consumer loans, and the interest rate and repayment method can be negotiated with the bank.
4. Amount ≥100 w.
This is not easy to borrow