Current location - Loan Platform Complete Network - Loan consultation - The bank mortgage loan of 200,000 yuan will be paid off in 20 years. According to the latest policy, the interest rate is 15% off. How much do I need to pay back every month? Please help me in detail.
The bank mortgage loan of 200,000 yuan will be paid off in 20 years. According to the latest policy, the interest rate is 15% off. How much do I need to pay back every month? Please help me in detail.
At present, the benchmark interest rate for loans over five years is 5.94%, the interest rate after 15% discount is 5.94%*85%=5.049%, the monthly interest rate is 5.94%*85%/ 12=0.42075%, the loan is 200,000 yuan, and the monthly repayment amount is:

200000 * 0.42075% * (1+0.42075%) 240/[(1+0.42075%) 240-1] =1325.33 yuan.

Total repayment amount:1325.33 * 240 = 318079.20.

Description: 240 is the power of 240.