What's the difference between buying a house with a loan, paying it off in 10, paying it off in the first five years, paying it off in one lump sum after the fifth year, and paying it off in ten years? To put it simply, when the loan is paid off in the fifth year, only the remaining principal is still available. I have saved interest for five years.

However, for the repayment of equal principal and interest, the interest paid in advance accounts for the majority, which is relatively uneconomical. For example, a loan with 65438+ million 10 years of equal principal and interest.

The principal paid in the first five years is 42,647.02, and the interest is 23,784.64.

In the last five years, the principal paid is 57352.98, and the interest is only 9078.68.