Down payment is the lowest proportion of down payment according to the national proportion when buying a house. Of course, the payment can be higher than this amount, but not lower than it, and the rest can be borrowed from the bank.
Since June 1 day, 2006, the down payment ratio of individual housing mortgage loan shall not be less than 30%. Considering the housing needs of low-and middle-income people, the down payment ratio of 20% will still be implemented for those who buy self-occupied houses below 90 square meters.
Yuè g 33ng refers to the monthly repayment amount that the lender should pay to the lending bank during the repayment period, including the principal and corresponding interest, when purchasing commercial houses and motor vehicles by bank mortgage.
The repayment methods of mortgage loans in China are: one-time repayment with a loan term of 1 year, and equal principal and interest repayment with a loan term exceeding 1 year.
Matching principal and interest repayment: the monthly repayment amount is the same, but the principal part increases month by month and the interest part decreases month by month. During the repayment period, the total interest expense paid is higher than the repayment method in average capital.
Average capital: the monthly repayment amount decreases month by month, in which the principal part remains unchanged and the interest decreases month by month. The total amount of interest paid during the repayment period is lower than that of the matching principal and interest method, but the amount of repayment in the early stage (including principal and interest) is higher than that of the matching principal and interest repayment method.