The first thing you should be sure of is whether the seller will accept your loan to buy the house? Point 2: You need to ask the intermediary whether you can use your provident fund to buy a second-hand house in this situation. Third, can the total provident fund loan amount of both husband and wife in your city satisfy the 700,000 yuan you want to borrow? Finally, under normal circumstances, the provident fund can only be loaned for a maximum of 20 years. As for the calculation it's easy. Search mortgage calculator. Any web page can be calculated. I roughly calculated it. According to the 2014 provident fund loan benchmark interest rate of 4.5%, 240 installments of 700,000 are calculated, and the equal principal and interest are 4,428.55 (yuan) per month.

Calculated based on the base interest rate of 4.5%

A loan of 700,000, with a mortgage of 30 years, calculated based on the current bank interest rate of 1.35%, the results are as follows:

1. Equal principal and interest repayment method:

Total loan amount 700,000.00 yuan

Repayment months 360 months

Monthly repayment 3,930.72 yuan

The total interest paid is 715,057.60 yuan

The total principal and interest is 1,415,057.60 yuan

2. Equal principal repayment method:

The total loan amount is 700,000.00 yuan

The first month’s repayment is 5,094.44 yuan

Monthly decrease: 8.75 yuan

The total interest paid is 568,575.00 yuan

The total principal and interest is 1268575.00 yuan

Personal housing portfolio loans refer to loans issued to the same borrower for the purchase of ordinary housing for self-use from housing provident fund deposits and credit funds. It is a combination of personal housing entrustment loans and self-owned housing loans. A portfolio of operating loans. In addition, there are housing savings loans and mortgage loans.

Mortgage repayment methods: equal amounts of principal, equal amounts of principal and interest, biweekly payments, etc.;

Loan amount: After passing the bank's review, you can loan 80% of the property value.

Mortgage down payment: A mortgage loan for a first home requires a down payment of 30%, and a mortgage loan for a second home requires a down payment of 50%.

Loan period: The loan period for first-hand houses is 30 years, and that for second-hand houses is 20 years. At the same time, the loan period plus the age of the applicant must not exceed 70 years old.

Loan interest rate: The benchmark interest rate for first-home loans with a term of more than 5 years is 6.55%, and the interest rate for second-home loans is 1.1 times higher than the benchmark interest rate, or 7.26%.

1. The application process for provident fund loans:

1) The borrower applies to the housing fund management (branch) center where the housing provident fund is deposited by the unit, introduces his/her personal situation, and collects materials.

2) Prepare complete written materials and submit them to the Housing Fund Management (Branch) Center for review, including verifying the loan application form, whether the house purchase is legal, approving the loan amount and term, determining the loan guarantee method, etc. Loans that require appraisal are evaluated by a designated appraisal agency.

3) After passing the preliminary review, the Housing Fund Management Center will issue an investigation notice, and the trustee bank will investigate the borrower and guide the borrower to fill in the relevant loan contract. The investigation content includes: verifying the person whose income is guaranteed and whether the guarantor has guarantee qualifications, etc.

4) After passing the bank investigation, the entrusted bank will issue an investigation opinion and submit it to the Housing Fund Management (Branch) Center, which will be reviewed and approved by the Housing Fund Management (Branch) Center.

5) After approval, the Housing Fund Management (Branch) Center issues an entrusted loan notice. The bank notifies the borrower to go through the loan procedures.

6) When the loan contract comes into effect, the Housing Fund Management (Branch) Center will transfer the funds to the entrusted loan fund account, and then the entrusted bank will transfer the funds to the developer's account.

7) The borrower repays the loan on time in the prescribed manner.

8) The borrower repays the principal and interest of the loan, the loan contract and related guarantees are released, and the relevant certificates are returned to the borrower (mortgagor or pledger)