annual interest rate

15.43 15%

25.5845%

35.5845%

45.7375%

55.7375%

66.0435%

The interest rate over five years is 6.0435%.

This table tells you that different loan terms (generally within 20 years) will lead to different interest payments. At the same time, different repayment methods (equal principal and interest repayment method and average capital repayment method) will lead to different interest payments.

In addition, housing loans are generally repaid monthly, and a part of the principal will be repaid every month, so the interest to be repaid every year is different, and the difference will be great.

After reading the above, you may find it complicated. Why don't I just give you a specific number?

Suppose your housing loan is 654.38 million yuan, the term is 10 year, and the repayment method of equal principal and interest (commonly used) is adopted, then the interest rate is 6.0435%, the monthly payment is1.12.39 yuan, and the estimated interest for the whole period is 33,487 yuan.