1.2000 house, bought by Gao Jango on loan. Loan for 25 years, 6,000 yuan per month. Does it cost 2 million to pay off the mortgage?
Actually, this is easy to calculate. If you borrow 6,000 yuan every month for 25 years, it is 6,000 *12 * 25, totaling 1.8 million, less than 2 million, which means that the interest for 25 years is 600,000, and the annual interest is 24,000. In this way, the interest is not high. It's totally acceptable. After all, it is not easy to borrow 1.2 million, except for the bank to give it to you, so it is still possible.