There are two ways to repay mortgage loans: equal principal and interest method and average capital method. Your loan is 654.38+0.5 million yuan, 65.438+0.2 years, and the interest rate of the provident fund is 4.70%. There are two methods for your reference:

1. Equal principal and interest method: the monthly repayment amount is 1364.87 yuan (the same every month). Total repayment principal and interest 19654 1. 19 yuan, of which interest is 4654 1. 19 yuan.

2. Average capital method: the repayment amount in the first month is 65,438+0,629.65,438+07 yuan (then it will decrease month by month, and the repayment amount in the last month is 65,438+0,045.75 yuan). Total repayment principal and interest 192593.75 yuan, of which interest is 42593.75 yuan.

Compared with the above two methods, the average capital method is 3947.44 yuan less than the equal principal and interest method.

The specific repayment method can be selected when the bank handles the loan procedures.