Generally, the mortgage loan period is relatively long, ranging from 5 to 30 years. The interest rate of the loan will increase by 10% to 30% above the central bank's benchmark interest rate, and the repayment methods include equal amounts of principal and interest and equal amounts of principal. Different The interest accrued by the repayment method also differs.

Assume that Xiaoxi applies for a house mortgage loan with a loan amount of 400,000, a term of 20 years, an interest rate 10% above the central bank’s benchmark (5.39%), and an equal repayment method of principal and interest. Then, the total interest For: 254,421.79 yuan.

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