What is the calculation formula for bank mortgage loans?
The calculation formula for equal principal mortgage loans: monthly repayment amount = principal/n remaining principal monthly interest rate, monthly repayment principal Remaining the same, the monthly repayment interest decreases month by month. Calculation formula for equal principal and interest mortgage loans: Monthly repayment amount = monthly principal interest rate [(1-month interest rate)n/[(1-month interest rate)n-1], the monthly repayment principal and interest are fixed, and the monthly repayment The amount is the same.
Note that the monthly repayment amount decreases by 3.5 yuan in sequence. Compared with the method of equal principal and interest, the method of equal principal and interest still pays interest first, but in the monthly repayment, the interest and principal The proportion has decreased. In other words, it allows you to repay more principal each month and fix the principal amount, so that the interest paid each month is reduced accordingly. This is why there is greater pressure in the early stage of repaying the loan with equal amounts of principal.
Notes on bank mortgage loans
1. Apply for a loan amount within your ability: When applying for a personal housing loan, the borrower should evaluate his or her current financial strength and repayment ability. Make correct judgments and make correct and objective predictions of your future income and expenses.
2. When applying for a mortgage, you must choose a good loan bank: For borrowers, if they purchase an existing house or a second-hand house, they can choose a loan bank by themselves. The more and more detailed the mortgage bank's service types, the more flexible and diverse personal financial services it will provide, as well as a rich service and product portfolio. From the perspective of citizens, there is no doubt that the more choices citizens have, the better.
For the above content, refer to Baidu Encyclopedia - Bank Mortgage Loan
House mortgage loan calculation method
Legal analysis: There are two methods:
1. Equal-amount principal repayment method: Divide the loan amount equally into N periods according to the number of repayment periods, multiply the unpaid principal amount of each period by the loan interest rate, and wait until the interest is repaid in the current period; calculation formula: monthly repayment amount = principal /nRemaining principal monthly interest rate Total interest = Principal monthly interest rate (number of loan months/20.5)
2. Repayment method of equal principal and interest: The sum of principal and interest repaid in each period is equal.
Calculation formula: monthly repayment = principal monthly interest rate [(1-month interest rate)n/[(1-month interest rate)n-1]
where n represents the loan month Number, n represents the nth power, such as 240, which represents the 240th power (loan for 20 years, 240 months)
Monthly interest rate = annual interest rate/12
Total interest = monthly repayment Amount Loan Number of Months - Principal
Mortgage loan refers to a kind of loan business in the form of mortgage. For example, a home mortgage loan is a personal home loan business in which the home buyer uses the home purchased as a mortgage and the real estate company where the home is purchased provides a periodic guarantee. The so-called mortgage means that the mortgagor transfers the property rights of the house for mortgage, and the beneficiary serves as the guarantor for the loan repayment. After the mortgagor repays the loan, the beneficiary immediately transfers the property rights of the house involved to the mortgagor, and the mortgagor enjoys the right to use it during the process.
Legal basis: Article 7 of the "Law of the People's Republic of China on Commercial Banks" When commercial banks carry out credit business, they shall strictly examine the credit standing of borrowers, implement guarantees, and ensure that loans are recovered on time. Commercial banks recover the principal and interest of due loans from borrowers in accordance with the law and are protected by law.
How to calculate mortgage loan
Hello, for the calculation of mortgage loan, you can use the equal repayment formula
Monthly principal and interest payment = [Monthly principal interest rate (1-month interest rate) number of loan months]
/[(1-month interest rate) number of repayment months-1]
Among them: monthly interest = remaining principal Monthly interest rate of gold loan
Monthly principal = monthly monthly payment_monthly interest
Calculation principle: The bank first collects the remaining principal interest from the monthly monthly payment , then the principal is collected; the proportion of interest in the monthly payment
decreases as the remaining principal decreases, and the proportion of principal in the monthly payment increases, but the proportion of the monthly payment
>
The total amount remains unchanged.
Hello, for the calculation of mortgage loans, you can use the monthly decreasing repayment calculation formula. The specific calculation process is as follows:
Monthly principal and interest payment amount = (Principal/number of repayment months) (Principal_accumulated principal repaid) monthly interest rate
Monthly principal = total principal/number of repayment months
Monthly Interest = (principal_accumulated principal repaid) monthly interest rate
Calculation principle: The principal amount returned every month remains unchanged, and the interest decreases as the remaining principal decreases.