How to calculate mortgage loan?
1. First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate; Select whether to display repayment details, and click the calculate button to obtain detailed information such as monthly repayment amount, total loan interest, and total repayment amount in each installment. Through the loan calculator, users can more conveniently calculate how much money they need to pay back each month, which is very convenient for users.
2. The bank loan calculator is highly reliable, but it is mainly based on theory and will be different from the actual calculation. The loan calculator of the real estate website is mainly based on the bank loan calculator.
3. In addition to the above classification methods, you can also set up a loan calculator according to the repayment method. At present, the benchmark interest rate for commercial loans with a loan term of more than 5 years is 4.90%. Due to the policy of restricting purchases and loans, the preferential interest rates of local banks for the first home loan are different. The second home loan interest rate generally rose 10%. During the same period, the benchmark interest rate of provident fund loans was 3.25%, and the interest rate of second-home loans generally rose 10%.
What are the terms of mortgage loan?
1, age 18-55 years old (some microfinance institutions can accept children or the elderly); The general mortgage loan amount is 50 ~ 70% of the real estate appraisal price (some banks may increase it); Generally, the term of mortgage loan is 1 year-10 year (a few banks can serve customers for as long as 30 years, but the borrower cannot be over 60 years old after the loan is completed).
2. The age of the house is within 20 years (a few banks can do it within 30 years, and most of them have spare houses, which is easier to approve); The loan interest rate of mortgage loan is generally10%-20%; There is a certain source of repayment (the effective proof is mainly bank flow, and at least the monthly effective income is more than twice the monthly mortgage payment); Individuals or companies have good credit (less overdue, or banks may find excuses to raise interest rates or not allocate funds).
3. At present, the types of real estate that banks can accept are commercial housing, houses, shops, mortgage houses, second mortgages, serviced apartments and office buildings. , and other materials (provide more proof of assets. Personal repayment ability is an important factor in handling real estate mortgage loans, so if you can provide assets certificates similar to other real estate, vehicles, securities and companies, you can greatly increase the amount of bank real estate mortgage loans.
The above content introduces how to calculate the mortgage loan, and the specific calculation method introduces the relevant content, hoping to have some reference for everyone and a certain understanding of the mortgage loan. What are the conditions of mortgage loan, such as the actual demand of the bank and the age of the house. These are very important mortgages. You can refer to these contents more.