1, equal principal and interest repayment method monthly payment = [loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]=[( 1+ monthly interest rate) repayment months-1], equal principal and interest repayment method means that the principal and interest are the same every month and are repaid every month.
2. Average repayment method: monthly repayment amount = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) × monthly interest rate. Matching principal repayment means that the principal repaid every month is unchanged and the interest is decreasing by stages.
The monthly payment of 10 is 700,000, which is related to the lending institution, loan interest rate and repayment method. The benchmark interest rate of the central bank for commercial loans over five years is 4.90%. The annual interest rate of provident fund loans for more than five years is 3.25%, and the monthly payment of 700,000 yuan is calculated as follows:
I. Commercial loans
1, the repayment method of equal principal and interest is 700,000 yuan 10 year, and the monthly payment is 73,904.2 yuan.
2. The repayment method in the average capital is 10. The first month of the 700,000-yuan mortgage is 869 1.67 yuan, and then it will decrease every month.
Second, provident fund loans.
1, the repayment method of equal principal and interest is 700,000 yuan 10 year, and the monthly payment is 68,403 yuan.
2. Average repayment method of principal: 10 The first month of the 700,000-yuan mortgage is 7,729,438+07 yuan, and it will decrease every month thereafter.