It is understood that the reduction of the loan interest rate can also be lowered, but it needs to be looked at differently. If the buyer chooses the lpr floating repayment rate before the loan, the bank will cut the interest rate when the mortgage contract is signed with the bank and the mortgage has already started lending, so the loan interest rate of the buyer will be reduced in a high probability, and the monthly supply will also be reduced.

Two days ago, the central bank announced a formal reduction of the lower limit of mortgage interest rate by 20 basis points, which means that major banks can reduce the mortgage interest rate by up to 20 basis points on the basis of LPR.

At present, the five-year LPR is 4.6%, which means that the mortgage interest rate can be reduced to 4.4% at the lowest.

Don't underestimate the downward adjustment of 20 basis points. If the mortgage interest rate is 20 basis points lower than LPR when you buy a house, the accumulated mortgage relief will be a lot after 20 or 30 years.

Let's compare the pricing of LPR with reducing mortgage interest by 20 basis points on the basis of LPR.

Let's take a loan of 6,543.8+0,000 with the same principal and interest for 30 years as an example.

If the interest rate is priced according to LPR, according to the current LPR of 4.6%, the total interest to be repaid in 30 years is 845,500 yuan, and the monthly payment is 5 124.44 yuan.