There is no difference in the deed tax for buying a house with a loan. The interest rate and the price of the house determine the deed tax. The house price for buying a house with a loan and buying a house with full payment are the same. The interest of buying a house with a loan does not participate in the calculation of the deed tax, and there will be no such thing as buying a house with a loan. There are more deed taxes, if you are entangled in the loan and the full payment. Don’t worry when choosing a loan.

The difference between buying a house with full payment and buying a house with a loan

1. Transaction process

The process of buying a house with full payment is simple. To buy a house with full payment, you only need to sign a purchase contract with the seller. That’s it, you don’t need to go through the process or sign a contract with the bank, so it saves time and convenience. Especially for those who are buying a second house, buying the house with full payment saves them the expense of rising loan interest rates and eliminates the need to spend time and energy dealing with banks. Houses that are fully paid for are more favored by sellers when they change hands. However, the procedures for buying a house with a loan are complex and cumbersome, and it will also be more troublesome to sell a house with a loan for a second time, etc.

2. Risks of home purchase

If a home buyer encounters a bad developer, the bank will carefully review it when applying for a loan, and the insurance of home purchase will be improved. If you buy a house in full, after you give all the money to the developer, if something goes wrong with the developer, you have to bear the consequences yourself. For example, if the project goes unfinished and the developer goes bankrupt, the full-paying home buyer will suffer huge losses.

3. Funding flexibility

Buying a house with a loan is more flexible, because the initial investment in buying a house with a loan is small, and the home buyer can divide the funds, such as buying a house with a loan and then renting it out. Other projects can also be carried out at the same time, so the use of funds is more flexible.

4. Preliminary investment

For home buyers with weak financial foundation, it is too difficult to buy a house in full. Spending a large amount of money at one time is likely to affect the future. life and development. Buying a house with a loan means borrowing money from a bank. You don’t need to spend a lot of money immediately to buy your own house. However, it should be noted that if it is a second house, the down payment under the loan limit policy often has to reach about 50%, but in the early stage The investment is still much less than the full investment. The pressure of buying a house can be alleviated in a short period of time, but in the long run, buying a house with a loan will require a long period of debt pressure.

5. Overall expenditure

If a home buyer adopts the full payment method to buy a house, not only will the developer get a discount on the house, but they also do not have to worry about interest issues. Home buyers who take out loans need to pay a large amount of money as interest. Calculated based on a 20-year loan, a loan of 1 million yuan, a base interest rate of 4.9%, and equal repayment of principal and interest, the total interest paid is about more than 500,000 yuan, and the monthly repayment is about 6,500 yuan.