Calculation method of mortgage interest in advance

1. Repay the mortgage in advance and settle the principal and interest of the bank at one time. The calculation of interest is based on the date when you pay off the principal and interest of the bank, and no interest will be calculated on the day after interest settlement.

2. Calculation formula of equal principal and interest repayment method:

Monthly repayment amount = [principal x monthly interest rate x( 1 monthly interest rate) loan months ]/[( 1 monthly interest rate) repayment months-1]

Monthly interest = residual principal x monthly loan interest rate

Total repayment interest = loan amount, loan monthly and monthly interest rate (1 monthly interest rate), loan monthly /( 1 monthly interest rate), repayment monthly-1- loan amount.

Total repayment amount = repayment months, loan amount, monthly interest rate (65438+ 10), loan months /(65438+ 10), repayment months-1.

3. It can be calculated by prepayment calculator. Just enter some key information, such as the original loan amount and the original loan term. And you can calculate the monthly payment and interest saved after prepayment.

Second, the best calculator for repaying loans in advance?

1, [loan principal× monthly interest rate× (1interest rate )× repayment months ]=[( 1 interest rate )× repayment months]

2. For example, the loan is 500,000 yuan, the loan is 20 years, the interest rate is 5.9%, and the principal and interest are repaid in equal amount every month:

3. The total loan amount is 500,000 yuan; The repayment period is 240 months; Monthly repayment of 3553.37 yuan; A total of 352,808.79 yuan of interest was paid; The total principal and interest is 852,808.79 yuan.

Three. Matching principal and interest repayment schedule

Taking the amount of 6,543,800 yuan as an example, the loan is 6,543,800 yuan; 36 stages; The total interest is 74,965,438+0.665,438+0 yuan; Monthly monthly payment of 2985.88 yuan; The accumulated repayment amount is 10749 1. 1 yuan.

3. Where can I find a calculator that repays the loan many times in advance? Pay back 20 thousand in advance every year, I don't know how to calculate the interest

You directly use your principal as a new principal, and the number of repayment periods will be reduced accordingly. Searching for a loan interest calculator on the Internet is very convenient to calculate.

Four. Calculation of prepayment in average capital

For the personal loan handled by China Merchants Bank, the amount of "prepayment" is divided into two parts: 1, the principal repaid in advance; 2. Interest on prepayment of principal during the period from the previous repayment date to the prepayment date.

You can use a calculator to calculate the repayment:/cmbwebpubinfo/cal _ loan _ per.aspx? Chnl=dkjsq (test results are for reference only). For specific repayment information, please contact the handling bank or call the customer service hotline of China Merchants Bank, and select "2 Manual Service-"1"Personal Banking-"4 "Personal Loan Business Enter Manual Service for confirmation (8:30- 18:00).