Average capital
During the repayment period, the total loan principal is divided equally, and the loan interest decreases with the decrease of the loan principal, and the interest is basically paid off in the early stage.
Suitable for people who have strong repayment ability in previous years, are considering early repayment, or are older.
If you want to repay the loan in advance, the average capital will be borrowed for 30 years, and it is recommended to repay the loan in the seventh year.
Average capital plus interest
That is, the total principal and interest are divided equally, and the same amount of loans are repaid every month.
Suitable for young people, with the same monthly repayment.
If you have the ability to repay the loan in advance, you can borrow 30 years of equal principal and interest. It is recommended to pay off the loan in the eighth year.
The loan term is 65,438+00 years and the loan term is 30 years. 1. The monthly loan term is relatively long, with a loan of 500,000 yuan, a monthly repayment of about 5,500 yuan and interest of about160,000 yuan. The term of this conditional loan can be considered as 65,438+00 years.
Then the loan is 500,000 yuan for 30 years, with a monthly repayment of about 2,900 yuan and interest of about 540,000 yuan. This month's monthly payment is relatively low, which is suitable for people with less income sources. But the RMB is depreciating, changing every five years. No one can say for sure. 30 years is recommended. After all, the speed of RMB depreciation is visible to the naked eye.
Anhui Shunshi, focus on credit cards!
Choose average capital or equal principal and interest, choose 10 or 30 years, mainly depending on your monthly income.
Generally, when applying for a loan, the loan specialist will come up with a repayment plan, and then make a detailed monthly repayment plan according to the loan amount, repayment method and loan period you choose, which details the different choices and monthly repayment amount.
If it is average capital, the monthly repayment amount will decrease, because there is great pressure to repay in advance in average capital, because the principal accounts for a large proportion of repayment.
But the matching principal and interest are different, and the monthly repayment amount is the same, because the interest was paid in the early stage, so the monthly repayment amount is the same.
Then different loan years correspond to different monthly repayment amounts, and then compare the repayment plan with your monthly income to know which one to choose.
As for which is the most cost-effective, there is no such thing as the most cost-effective, only the most suitable.
Shunshi's personal suggestions are as follows:
As for how to choose, it still depends on your income. Be careful, don't make a decision Otherwise, it will be bad if the mortgage is overdue in the later period.
I hope I can help you!
I don't understand either, but I also bought a house and paid the loan. By the way, if you want to know the real data, please see the explanations and comments of professionals.
I remember what I said when I bought it. I am not a professional, so I speak in plain English. One is to fix how much money to pay back each month, and the other is to pay more at first and less later. (There is also an interest factor. )
Personally, I think it depends on how much money you have left every month (there is another problem here, that is, the number of years. Let's talk about it later. )
If there is more money left, you can use the average capital, which is getting less and less. Compared with the equal principal and interest, the interest will be less. In other words, the total number will be less. But you have to pay more in the early stage.
Matching principal and interest are basically fixed (affecting the annual probability). Relatively speaking, you don't have much money left, which is better. Low monthly supply in the early stage.
As for the number of years, anyway, my understanding is that no matter what the situation, I will choose the one with the most years. I have lived for more than 30 years, and the money 30 years ago can't compare with the money now.
There is also prepayment. I have read some related contents, saying that it is not suitable to repay in advance after a certain number of years, because you have basically paid off the interest.
Anyway, I don't intend to repay in advance, mainly because I have no ability. Besides, I finally got a loan, so you can use it. No matter what the house looks like in the future, at least there is a place to live.