800 thousand house, 400 thousand down payment, 400 thousand installment loan for 20 years, how much is the monthly payment?
The loan principal is 400,000 yuan, with a term of 20 years. According to the benchmark annual interest rate of the People's Bank of China for loans over 5 years (unchanged), the repayment method of principal and interest is equal, with a monthly payment of 26 17.78, a total repayment of 628,266.29 and a total interest of 228,266.29.