The calculation of prepayment interest can be divided into two types, one is prepayment in full.

Full prepayment refers to one-time settlement of mortgage principal and interest. After all prepayment, the interest will be calculated from the day when the principal and interest of the bank are paid off. In other words, as long as you borrow from the bank, the interest will be calculated.

Partial prepayment is a situation in which only loans are repaid. The outstanding loan principal and interest shall be executed according to the loan interest rate agreed in the original loan contract (continued preferential treatment with discount). For part of the outstanding loan balance in advance, there are the following options: first, shorten the repayment period, making the monthly payment inconvenient; Second, the repayment period remains unchanged. In contrast, the first one can save more interest.

Note: "You can't repay the loan in advance within half a year, and you need to pay 1% as penalty." Property buyers need to check the loan application first, and pay attention to whether you have to pay a certain penalty for repaying the loan in advance.

Precautions for prepayment:

Average capital

For the buyers whose repayment period has passed 65,438+0/3, because the average capital divides the total loan by half of the cost, the repayment interest is calculated according to the remaining principal. In other words, the later this repayment method is, the less interest will be generated. In this case, when the repayment period exceeds 1/3, the borrower has already paid nearly half of the interest, and the later repayment is mostly the principal, and the interest level has little effect on the repayment amount. It is not recommended to repay the mortgage in advance.

Average capital plus interest

The total amount of principal purchased during the intermediate repayment period plus the total amount of interest, and then the interest is evenly distributed to each repayment. Calculate and settle the remaining loan principal at the beginning of the month every month. In other words, the monthly interest repayment ratio decreases month by month. By the middle of repayment, most of the interest has been paid off, so.

Second, how to calculate the prepayment of mortgage?

Hello! The handling method of prepayment of personal housing mortgage loan of Agricultural Bank of China is as follows: When the borrower applies for prepayment of mortgage loan, he must submit a written application to the lender at least 30 days in advance and get the consent of the lender. As the actual situation varies from place to place, please contact the Lender's account manager for communication. The information to be carried in the prepayment of individual housing loan is the borrower's identity document, the individual housing loan guarantee contract and the original housing loan repayment card (discount), and an application shall be submitted to the original loan agency in advance according to the contract. Please consult your local loan bank for details. The collection standard of liquidated damages for prepayment is based on the loan contract signed by the customer and our bank. Please check the loan contract or contact the loan agency for verification.

(Answer time: 2022 165438+ 10/6. In case of business changes, please refer to the actual situation. )

Third, how to calculate the prepayment of mortgage?

1. Repay the mortgage in advance, and the bank principal and interest will be settled in one lump sum. The calculation of interest is based on the date when you pay off the principal and interest of the bank, and the date after settlement does not bear interest (if you borrow the principal of the bank, you can pay interest for a few more days).

2. Only part of the principal and interest of the bank is repaid in advance, but the principal and interest of the bank loan have not been settled, and the interest is still implemented according to the loan interest rate agreed in the original loan contract (if there is any discount, the discount will continue). If the loan balance is not settled, you can choose the following repayment plan: A. The repayment period is shortened and the monthly payment amount is inconvenient. B the repayment period of the loan remains unchanged, and the monthly payment is reduced.

3. Repaying the bank loan in advance is a breach of contract (loan contract), which will cause certain losses to the bank, so the bank will charge a certain handling fee (liquidated damages), which is about one month's monthly payment.

4. How to calculate the interest paid in advance for the 600,000 mortgage?

Pay off part of the mortgage in advance. We should know that the prepayment part of the mortgage is not all the principal, but the principal interest, and the remaining unpaid part also includes the principal and interest.

The principal and interest of this part of repayment are still calculated at the interest rate agreed in the contract.

For the remaining mortgage, the bank will give a new repayment plan, as long as the repayment is made on time.

After prepayment, users can choose to reduce the repayment month without changing the monthly payment, or change the monthly payment without changing the repayment month.

Of these two ways, "reducing the monthly repayment without changing the monthly payment" requires less interest and saves money.