Operating Steps: Step 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;

Step 2: Select whether to display repayment details, and click "Calculate" to get detailed information such as monthly repayment amount, total loan interest, total repayment amount, etc.

point out

1. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.

2. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.

According to the repayment formula of general mortgage loans, it can be divided into two types:

I. Calculation formula of equal principal and interest:

Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.

It should be pointed out that:

1, the maximum amount of urban provident fund loans should be combined with local conditions;

2. For residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policies for buying ordinary self-occupied housing with the first set of loans shall be implemented mutatis mutandis.

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How to use mortgage calculator

Download the mortgage calculator first, then fill in the loan amount, loan term, loan interest rate and repayment method according to the mortgage calculator page, and then calculate, and the mortgage calculation results will be displayed, including total interest, accumulated repayment amount, monthly repayment amount, maximum monthly repayment amount, etc. , in which the monthly payment is the required result.

If you feel that the monthly payment is too high or too low, you can modify the loan term, then recalculate and choose your own suitable loan term. In general, the longer the loan term, the less the monthly payment, but the more interest needs to be repaid.

How to calculate the mortgage?

1. Equal principal and interest calculation formula

Monthly repayment = monthly principal, monthly principal and interest

Monthly principal = principal/repayment month

Monthly principal and interest = (principal _ total accumulated repayment) × monthly interest rate

2. The amount of mortgage principal to be repaid every month is constant, and the mortgage interest will decrease with the decrease of repayment principal. The bank will charge the interest of the remaining principal from the monthly payment, and then deduct the principal, which means that the interest of the mortgage to be repaid will decrease with the decrease of the remaining principal to be repaid.

How to calculate mortgage calculator

When using, you only need to choose the corresponding loan method, fill in the corresponding loan amount, choose the loan term and choose your own repayment method, and you can calculate the monthly mortgage repayment according to the latest loan interest rate. After the calculation of mortgage calculator is completed, you can also view the detailed repayment information. According to the comparison between the average capital repayment method and the equal principal and interest repayment method, the most suitable repayment method can be selected. If necessary, you can also modify the annual interest rate according to the actual situation.

Operating steps of loan calculator:

Step 1: Please choose the repayment method. There are two options: equal principal and interest repayment method and average capital repayment method.

Step 2: Fill in the amount of personal property mortgage loan and choose the term of personal property mortgage loan. Step 3: Choose the mortgage interest rate of personal property according to the latest loan interest rate. Step 4: If repayment details are required, the default repayment details are Yes. If you don't need to display the repayment details, you can chooseNo. Finally, click Calculate to get the monthly repayment amount, total interest and total repayment amount of personal property mortgage loan.

How to use the loan calculator? A formal loan guarantee company in Beijing is committed to providing loans to individuals and SMEs. Its service scope includes real estate mortgage loan, personal mortgage loan and SME loan. With the accumulation of funds, contacts, management experience and extensive business relations with the financial field, 60,000 Wantong has established a solid foundation in the industry and become the most abundant, comprehensive and effective professional organization in the fields of financial business consulting and guarantee.