There are two repayment methods: average principal and equal principal and interest. Different repayment methods will generate different interest.
1. Equal principal and interest means that the total monthly repayment amount is fixed, in which the principal part increases month by month and the interest part decreases month by month.
Calculation formula of equal principal and interest: monthly repayment amount = principal * monthly interest rate *( 1+ monthly interest rate) * loan months /( 1+ monthly interest rate) * repayment months-1; Monthly interest rate = annualized interest rate/12.
65,438+0,40,000 yuan in 24 installments. If calculated according to the annual loan interest rate LPR of 4.65%, the total interest is * *1966.22 yuan, the total repayment is 4 1966.22 yuan, and the monthly payment is 1748.59 yuan.
24,000 yuan is divided into 24 installments. If the annual interest rate of the loan is 4.9%, the total interest is * * * 2,073.55 yuan, the total repayment is 42,073.55 yuan, and the monthly payment is 1, 753.06 yuan.
2. Average capital: the total monthly repayment decreases, in which the principal part is fixed and the interest part decreases month by month.
Calculation formula of average funds: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate; Monthly interest rate = annualized interest rate/12.
1 and 40000 points in 24 issues. If calculated according to the loan annual interest rate LPR of 4.65%, the total interest is * *1937.50 yuan, and the total repayment is 4 1937.50 yuan. Monthly payments are as follows:
No.65438 +0: 1, 82 1.67 yuan; No.2: 1, 8 15.2 1 yuan; No.3: 1, 808.75 yuan; No 4: 65438. No.65438 +09: 1, 705.42 yuan, No.20: 1, 698.96 yuan, No.265438 +0: 1, 692.50 yuan, No.22: 1, 686.
24,000 yuan is divided into 24 installments. If the annual interest rate of the loan is 4.9%, the total interest is * * * 204 1.67 yuan, and the total repayment is 4204 1.67 yuan. Monthly payments are as follows:
No.65438 +0: 1, 830.00 yuan, No.2: 1, 823. 19 yuan, No.3: 1, 8 16.39 yuan, No.4:/kloc.