The bank loan interest rate is comprehensively evaluated according to the credit situation of the loan, and the loan interest rate level is determined according to the credit situation, collateral and national policy (whether it is the first suite or not). If all aspects are well evaluated, the mortgage interest rates implemented by different banks are different. Under the current policy, the first suite is generally calculated according to the benchmark interest rate. After the adjustment on July 7th, the interest rate over five years is 7.05%, and the monthly interest rate is 7.05%/ 12.

Monthly repayment of 200,000 yuan for 20 years (240 months):

200000 * 7.05%/ 12 * ( 1+7.05%/ 12) 240/[( 1+7.05%/ 12) 240-65438]

Total repayment amount:1556.61* 240 = 373586.4.

Description: 240 is the power of 240.