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What is the mortgage loan of 250,000 yuan with a loan term of 20 years?
The loan principal is 250,000 yuan, with a term of 20 years. According to the benchmark annual interest rate of loans of the People's Bank of China for more than 5 years (unchanged), the repayment method of equal principal and interest is adopted. The monthly payment is1636.1/kloc-0. The total repayment amount is 392,666.43, and the total interest is 65,438.