How much is a 500,000 loan for 20 years per month?
1 provident fund loan
At present, the interest rate of provident fund loans for more than five years is 3. 1%. Under the matching principal and interest model, the monthly payment is 2798 yuan, and under the average capital model, the monthly payment is 3375 yuan.
2 commercial loans
At present, the five-year LPR interest rate is 4.2%. Because the commercial loan interest rate consists of LPR interest rate and basis point interest rate, the personal loan interest rate may be different. Take 4.5% as an example. Under the mode of equal principal and interest, the monthly payment is 3 163 yuan, and under the mode of average capital, the monthly payment is 3,958 yuan.
Other popular science:
1 equal principal and interest
Monthly payment = (principal+total interest)/repayment times. The proportion of principal in monthly payment increases month by month, while the proportion of interest decreases month by month. In the matching principal and interest method, banks generally collect interest on the remaining principal first, and then the principal, so the proportion of interest in the monthly payment will decrease with the decrease of principal, and the proportion of principal in the monthly payment will increase, but the total monthly payment will remain unchanged.
2 Average capital
Monthly payment = principal/repayment times+interest from previous period to current period. The monthly repayment amount is decreasing, and the total interest expenditure is low, but the interest on the principal paid in the previous period is high.
The above is part of the monthly repayment of 500 thousand mortgage for 20 years. You can pay attention.