After applying for a housing loan from a bank, people usually have to pay a lot of interest. What people are more concerned about is how much interest they need to pay to repay the mortgage. Next, Bian Xiao will briefly introduce to you how much mortgage interest is generally.

1, the interest of mortgage is usually closely related to the bank loan interest rate. According to relevant national regulations, the loan term of our bank is within 1 year, and its loan interest rate is 4.35%; If our loan term is 1-5 years, then the interest rate of the mortgage is 4.75%; If our loan term exceeds 5 years, the interest rate is 4.9%. You can also choose a provident fund loan to buy a house, and its interest rate is usually lower than that of commercial loans. If the term of the provident fund loan is less than 5 years, the interest rate is 2.75%; The loan term is over 5 years and the interest rate is 3.25%.

2. Usually, the bank's mortgage interest rate will rise or fall according to the basic interest rate. Because of the influence of the 20 18 property market regulation policy, the mortgage interest rates of banks all over the country have been raised. According to the statistics of relevant institutions, the average interest rate of the first suite in China reached 5.69% from 2065438 to August 2008, including 5. 16% in Shanghai, 5.39% in Xiamen and 5.47% in Beijing. The average interest rate in Guangzhou is 5.55% and so on.

3. According to the statistics of relevant institutions, the interest rates of most banks in China rose by 15-20%. Among them, 128 banks' interest rates rose by 20%, and 28 banks' interest rates rose by 30%. The interest rates of the first suite of ABC, Bank of Communications and China Construction Bank rose by 15%, and the interest rates of the second suite rose by 20%. The interest rates of the first and second suites of ICBC and Postal Savings Bank rose by 20%.

At present, there are two repayment methods of mortgage: equal principal and interest and average principal. Interest = principal × actual days × daily interest rate or total interest = monthly repayment amount-loan months-principal. If we borrow 6,543,800 yuan, the loan term is 20 years, and the interest rate is 5.47%, and choose the repayment method of equal principal and interest, then the interest we need to repay is 646,865.60 yuan. The average capital repayment interest is 549,278.73 yuan.

Bian Xiao Abstract: What is the general mortgage interest? Bian Xiao introduces it here. I hope that after reading this article, I can provide you with reference. We can also ask the staff of the loan bank to help us calculate the interest on the mortgage.

What is the appropriate mortgage interest rate?

_ Latest Loan Market Quotation (lpr) of China People's Bank in 2022:

Updated on September 20, 2022:

On September 20, 2022, the loan market quoted interest rate (LPR) was 65438+3.65% for 0 years and 4.3% for 5 years and above.

Note: The above LPR is valid until the next LPR release.

Updated on August 22, 2022:

On August 22, 2022, the loan market quoted interest rate (LPR) was 65438+3.65% for 0 years and 4.3% for 5 years and above.

Updated on July 20, 2022:

On July 20, 2022, the loan market quoted interest rate (LPR) was: 1 year, 3.7%, and over 5 years, 4.45%.

Updated on June 20, 2022:

On June 20, 2022, the loan market quoted interest rate (LPR) was 65438+3.7% for 0 years and 4.45% for 5 years and above.

Updated on May 20, 2022:

On May 20, 2022, the loan market quoted interest rate (LPR) was 65438+3.7% for 0 years and 4.45% for 5 years and above.

Updated on April 20, 2022:

On April 20, 2022, the loan market quoted interest rate (LPR) was: 1 year, 3.7%, and 5 years and above, 4.6%.

Updated on March 2, 20221:

On March 2, 2022, the loan market quoted interest rate (LPR) 1 day was 3.7% for a period of five years and above, and 4.6%.

Updated on February 2, 20221:

On February 2, 2022, the loan market quoted interest rate (LPR) 1 day was 3.7% for a period of five years or more, and 4.6% for a period of five years or more.

20221October 20th, updated 65438:

The quoted interest rate (LPR) of the loan market in 2022 1 October 20 is:1year, 3.7%, and over 5 years, 4.6%.

What is the monthly interest rate for borrowing money?

1. The monthly loan interest rate is calculated by dividing the annual interest rate by 12. For example, the current benchmark interest rate for loans over five years is 4.90%, divided by 12 months, and the monthly interest rate is about 0.4 1%. Suppose that the borrower borrows 654.38 million yuan with a term of 6 months, and the repayment method is to pay interest on a monthly basis and repay the principal at maturity, with an annual interest rate of 9.00% and a monthly interest rate of 9.00%12 = 0.75%.

2. The bank loan interest rate refers to the ratio of the interest amount to the principal amount during the loan period. The interest rate in China is managed by the People's Bank of China. The bank loan interest rate refers to the benchmark interest rate set by the People's Bank of China, and the actual contract interest rate can fluctuate within a certain range on the basis of the benchmark interest rate. The interest rate of loan contracts with banks and other financial institutions as lenders can only be determined through consultation within the upper and lower interest rate limits stipulated by the People's Bank of China. If the loan interest rate is high, the repayment amount of the borrower will increase after the loan term, and the loan interest rate will be low. After borrowing, the monthly repayment amount is less, the total repayment interest is less, and the personal pressure is less.