After the end of the sixth year, that is, the 73rd installment, the repayment amount is 207,409.3.

The following are the loan repayment methods introduced.

1. Equal repayment of principal and interest: suitable for groups with stable income. According to industry insiders, at present, the most repayment method handled by banks is equal principal and interest repayment, that is, the total principal and interest of mortgage repayment are added up and then evenly distributed to each month of repayment period. As a repayment, he pays a fixed amount every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month. For example, suppose you need to borrow 200,000 yuan from a bank with a repayment period of 20 years. According to the interest rates of most banks at present, the method of matching principal and interest is selected, which is about 65,438+0,376.9 yuan per month, and the total repayment amount is 330,000 yuan, of which the interest paid is 654,380+0.3 million yuan. In this regard, bank financial experts analyzed that it is convenient to arrange income and expenditure by repaying the loan with equal principal and interest, and the borrower bears the same amount every month. Matching principal and interest repayment method is especially suitable for people with stable income and freedom to buy a house, and economic conditions do not allow excessive investment in the early stage.

2. Equal principal repayment: suitable for people with higher income at present. In addition to the equal principal and interest repayment method, the average capital repayment method is also a common method to repay the mortgage. With the increase of repayment period, the borrower can gradually reduce the burden. This repayment method distributes the principal to each month and pays off the interest between the previous repayment date and the current repayment date. For example, suppose you need to borrow 200,000 yuan from a bank with a repayment period of 20 years. According to the current interest rates of most banks, the average capital method is selected. In the initial repayment period, the monthly repayment amount in the first year is about10.07 million yuan; The average monthly repayment in the last year was around 800 yuan. The average capital method repays 365,438+0,000 yuan, of which the amount of interest paid is 65,438+0,654,38+0,000 yuan. The characteristic of equal principal repayment is that when the borrower repays, the monthly burden ratio of equal principal and interest is heavier. However, with the passage of time, the repayment burden will be gradually reduced. Compared with the equal principal and interest method with the same term, the total interest expense of this repayment method is lower. If the mortgage interest rate is added to the interest rate hike cycle, the average capital repayment method will also have more advantages. According to the regulations of most banks, some prepayment can only be made once a year. If the borrower intends to repay in advance, the average capital repayment method is also a good choice.

3. Equal increase (decrease): the flexible equal increase repayment method and equal decrease repayment method refer to the interval and amount of increase or decrease repayment agreed by investors with banks when handling commercial housing loan business; Repay at a fixed amount at the beginning, and then repay at intervals and corresponding increases and decreases every month. Where the interval is at least 1 month; It subdivides the repayment period, and in each subdivision unit, the repayment method is equivalent to the equal principal and interest. The difference is that the repayment amount of each time division unit may increase or decrease equally. Take the loan of 654.38+10,000 yuan with a term of 10 year as an example. If the repayment is made in equal increments, assuming that the year of 65,438+00 is divided into five stages, the monthly repayment may increase to 900 yuan in the second year and to 65,438+065,438+000 in the third year. On the contrary, the credit of the first two years will be 65,438+0 300 yuan, and then the 200 yuan will be reduced once every two years until it is reduced to 700 yuan per month in the last two years. At present, the equal diminishing method is suitable for people with weak repayment ability, but it is expected to increase gradually in the future. On the contrary, if the expected income decreases or the economy is in good condition, you can choose to decrease by an equal amount.

4. Repaying the principal and interest on schedule: It is suitable for real estate investors to repay the principal and interest on schedule, that is, the borrower and the bank negotiate to set different repayment time units for the repayment of the loan principal and interest, that is, they decide to repay the loan on a monthly, quarterly or annual basis. In fact, according to different financial situations, borrowers collect the money to be repaid every month and repay it together within a few months. It is reported that the bank that currently adopts the repayment method of repayment of principal and interest on schedule is China Merchants Bank. After consultation with the bank, the borrower of the principal repayment plan will repay the principal at least 654.38+0,000 yuan each time, and the interval between two repayments will not exceed 654.38+0.2 months, and the interest can be repaid monthly or quarterly. For example, for a loan of 200,000 yuan with a term of 65,438+00 years, the borrower can repay the principal with good interest alone, and the interest will still be repaid on a monthly and quarterly basis, reducing the amount. According to the regulations, the borrower must repay the principal for at least six months at a time, that is, 65,438+00,000 yuan, and the next repayment of the principal cannot exceed one year. According to bank financial experts, the method of paying interest and principal on schedule is suitable for people with unstable income and self-employed businessmen. At present, it is difficult for SMEs to raise funds. It is much easier to borrow a sum of money from the bank through mortgage than to apply for a working capital loan from the bank through the enterprise itself. Therefore, some buyers who had enough one-time payment still chose mortgage loans. However, it is understood that many young property buyers also have a tendency to pay interest and repay the principal on schedule.