As long as you are a friend of mortgage loan, you must learn to calculate the monthly mortgage repayment amount in order to know fairly well. So how much is the monthly mortgage of 550 thousand for 30 years? How to do the most cost-effective mortgage? Let's take a look with Bian Xiao!
How much is a monthly loan of 550,000 yuan for 30 years?
Commercial loan: calculated at the interest rate of 4.9, the monthly payment of equal principal and interest is 29 19.00 yuan, the first monthly payment of average capital is 3,773.6438+0 yuan, and the monthly payment is reduced by 6.24 yuan. Provident fund loan: calculated at the interest rate of 3.25, the equal principal and interest is 2 176.03 yuan per month, and the first monthly payment of the average capital is 2,743.06 yuan, with a decrease of 3.76 yuan per month.
How to do the most cost-effective mortgage?
1, equal principal repayment
Features: the monthly repayment principal remains unchanged, but the interest will decrease month by month with the decrease of the principal, and the monthly repayment amount will also decrease month by month. The specific formula is: monthly payment = [loan principal× monthly interest rate× (1+monthly interest rate )× repayment months ]=[( 1+ monthly interest rate )× repayment months+.
2. Equal repayment of principal and interest
Features: Pay the interest first, then the principal, and the monthly payment is the same, which is more suitable for families with high pressure in the early stage. The specific formula is: (loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]/[( 1+ monthly interest rate) repayment months-1].
What problems should be paid attention to when repaying the mortgage:
1. If you are a first-time buyer, you must pay attention to policy changes and adjustment period when lending. For example, at the end of September, the property market was regulated twice, and the down payment for the first suite was increased to 30%, which means that only 70% can be applied at most.
2. When buying a house with a loan, the age of the house and the loan period cannot be too different, because the bank has requirements for the age of the house and the loan period. The house age+loan period shall not exceed 40 years, and some banks calculate it according to the house age. Women should not be over 60 years old and men should not be over 65 years old. Everyone should set up a suitable bank according to their own needs.
The article concludes: Well, this knowledge is enough about how much the 550,000 mortgage will be repaid in 30 years and how the mortgage is the most cost-effective. If you need more information, please continue to pay attention to Qijia. We will provide you with better and more exciting content in the future.
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