Take 500 thousand yuan as an example. After 25 years of loan, the monthly payment is 2570.66 yuan.
Waiting for repayment of principal and interest
Equal monthly repayment method is equal principal and interest repayment method, that is, the borrower repays the loan principal and interest with the same amount every month, and the monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled every month.
Calculation method:
a=fi( 1+i)^n/[( 1+i)^n- 1】
A is the monthly payment (3 163.25)
F Total loan: 500,000 yuan.
1. Monthly interest rate: 4.5%12.
Number of loan months: 240 months.
Total loan: 500,000 yuan
Number of repayment months: 240 months
The monthly repayment is 3,65438 yuan +063.25 yuan.
Total interest paid: 259, 179.25 yuan.
Total principal and interest: 759, 179.25 yuan.
matching principal repayments
The average capital repayment method means that the principal remains unchanged, the interest decreases month by month, and the number of monthly repayments decreases; Because the monthly repayment amount is fixed and the interest is getting less and less, the lender is under great pressure to repay at first, but as time goes on, the monthly repayment amount is getting less and less.
Calculation method:
a = F÷n+F-m（F÷n）* I
A is the monthly payment (3958.33, decreasing month by month)
F Total loan: 500,000 yuan.
1. Monthly interest rate: 4.5%12.
Mth month payment (0
Number of loan months: 240 months.
Total loan: 500,000 yuan
Number of repayment months: 240 months
First month repayment: 3958.33 yuan.
Decreasing monthly: 7.8 1 yuan
Total interest paid: 225,937.50 yuan.
Total principal and interest: 725,937.50 yuan.