The loan for buying a house is 20w, and the loan is 20 years. The repayment method of equal principal is cost-effective. Average capital refers to a repayment method of loans. During the repayment period, the total amount of loans is divided into equal parts, and the same amount of principal and interest generated by the remaining loans of the month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is less and less, the borrower is under great pressure to repay at first, but as time goes on, the monthly repayment amount is less and less. Equal principal repayment. The lender will allocate the principal to each month and pay off the interest from the previous trading day to the repayment date. Compared with the matching principal and interest, the total interest cost of this repayment method is lower, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month. This method is very suitable for people with high income at present, but it is predicted that their income will decrease in the future. In fact, many people over middle age, after a period of efforts, have a certain economic foundation. Considering that their income may decrease with retirement and other factors, they can choose this way to repay their debts. Mortgage, also known as house mortgage. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the notarization of real estate mortgage registration according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract. Participants in mortgage loans, including commercial banks that provide credit funds, buyers who eventually purchase real estate, and property owners (including developers/second-hand housing owners), also need to participate in the evaluation company and mortgage guarantee company when applying for loans. Personal housing loan refers to the loan issued by the bank to the borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans.
2. How much can I save by repaying the loan in advance after two years 10w? The repayment method is average capital.
The repayment method of average capital, which can only be calculated recently, has been changing. Most of the repayment in each period is generated by interest, and only the interest for the next eight years can be saved.
Third, the house loan is 250 thousand, which will be paid off in 20 years. What is the difference between average capital and equal principal and interest? Is it cost-effective to prepay?
Loan principal: 250,000 yuan, loan term: 20 years (240 months), and two situations in which the interest rate remains unchanged and the loan is fully paid off: ☆ According to the commercial loan, the annual interest rate of equal principal and interest is 6.55% (the monthly interest rate is 5.4583333333333 ‰), and the monthly payment is 18765438+ total interest 0.3 yuan:/kloc-. The total interest is 1047.35 yuan. It is cost-effective in average capital and the total interest paid is small, but it is not suitable for everyone. This depends on your own income (when there is not much money) or investment plan (when there is more money): the average capital pays less total interest to the bank, but the monthly payment is higher than the equal principal and interest in the early stage of the loan. From this point of view, if your income is high enough and there is no pressure after paying the monthly payment, it is better to choose the average capital; If you have pressure on your income after paying the monthly payment, or want to save some money for other purposes, choose the method of equal principal and interest, so that the pressure of early repayment will be less. You have to make a decision according to your own economic situation. The best option is different in different situations.
I want to borrow 200,000 yuan to buy a house and pay it back in 20 years. What is the best repayment method?
The actual interests are different, but they are essentially the same. According to the average capital, the monthly contribution = principal interest, the principal is fixed, and the interest decreases month by month; According to the equal principal and interest, monthly payment = principal interest, monthly payment is fixed, principal increases month by month, and interest decreases month by month; Because the average capital method has more monthly principal repayment than the equal principal and interest method in the early stage and less interest in the later stage, the total interest of the average capital method will be less than that of the equal principal and interest method, provided that the principal repayment in the early stage is more. As for the loan, I suggest using the 30-year equal principal and interest method, so that you can at least repay the principal. Although you will pay the bank more interest, you can arrange more money in your life. The bank interest rate is much lower than the price growth rate, so the equal principal and interest method is suggested.