In addition to mortgage interest, the cost of buying a house by loan is basically the same as that of buying a house in full. In terms of interest, we should also consider the speed of inflation. If the currency depreciates too quickly, the loan may be cheaper than the full amount. Moreover, mortgage is a long-term debt, which must be analyzed from the perspective of investment. It's actually unreasonable to just look at the numbers.

The difference between buying a house in full and buying a house with a loan.

1, transaction process

The whole purchase process is simple. If you buy a house in full, you only need to sign a purchase contract with the seller, without going through the process or signing a contract with the bank, which is time-saving and convenient. Especially for people who buy two properties, buying a house in full saves the cost of floating loan interest rates, and does not need to spend time and energy dealing with banks. Completely traded houses are more favored by sellers when they change hands. However, the procedures for buying a house with a loan are complicated, and it will be more troublesome to sell a house with a second loan.

2. The risk of buying a house

If property buyers encounter bad developers, when applying for loans, banks will also carefully examine them, and the insurance for buying a house will also be improved. If you buy a house in full, when you give all the money to the developer, if there is something wrong with the developer, you have to bear the consequences yourself. For example, there is a rotten tail and the developer goes bankrupt. In this case, the full property buyers will lose a lot.

3. Flexibility of funds

Buying a house with a loan is more flexible, because the investment in the early stage of buying a house with a loan is less, and buyers can separate the funds, such as buying a house with a loan, renting it out, and carrying out other projects at the same time, so the use of funds is more flexible.

4. Early investment

For property buyers with weak economic foundation, it is too difficult to buy a house in full, and it is very likely that a large sum of money will affect their future life and development. Buying a house with a loan means borrowing money from the bank. You don't need to spend a lot of money to buy your own house right away, but it should be noted that if it is a second suite, the down payment will often reach about 50% under the loan restriction policy, but the initial investment is still much less than the full amount. The pressure of buying a house in a short time can be alleviated, but in the long run, it will take a long time to bear the debt pressure.

5. Total expenditure

If property buyers adopt the method of buying a house in full, not only will developers have a discount on buying a house, but they will not have to worry about interest. Buyers who use loans need to pay a large sum of money as interest. Calculated by the repayment method of loan for 20 years, loan of 6,543.8+0,000 yuan, benchmark interest rate of 4.9% and equal principal and interest, the total interest paid is about 500,000 yuan, and the monthly repayment is about 6,500 yuan.