The specific calculation method is as follows:

Take 200,000 and 20 years as examples.

The bank loan interest rate is comprehensively evaluated according to the credit situation of the loan, and the loan interest rate level is determined according to the credit situation, collateral and national policy (whether it is the first suite). If all aspects are evaluated well, the mortgage interest rates implemented by different banks are different. Under the current policy, the first suite is generally calculated according to the benchmark interest rate:

1 and July 7th, after adjustment, the interest rate over five years is 7.05%, and the monthly interest rate is 7.05%/ 12.

2. Repay 200,000 yuan every month in 20 years (240 months).

3.2000007.05%/ 12 ( 17.05%/ 12) 240/[( 17.05%/ 12) 240- 1].

4. Description: 240 is the power of 240.

Extended data:

Procedures for monthly mortgage payment terms:

People are most concerned about the conditions and procedures in the purchase loan. First of all, the information to be provided for housing loan:

1.3. Original and photocopy of the ID card and household registration book of the applicant and spouse (if the applicant and spouse are not registered in the same household, a marriage certificate shall be attached).

2. The original purchase agreement.

3. 1 Original and photocopy of advance payment receipt for 30% or more of the house price.

4. Proof of the applicant's family income and related assets, including payroll, personal income tax bill, income certificate issued by the unit, bank deposit certificate, etc.

5. The developer's collection account number is 1 copy.