Mortgage interest is a kind of principal interest that buyers borrow from banks and pay at the interest rate stipulated by banks.
Calculation formula of interest: interest = principal × interest rate × deposit period (time).
The calculation of mortgage interest will be different because of the different loan methods and mortgage repayment methods. According to the different repayment methods of mortgage, the calculation of mortgage interest can be divided into two calculation methods: equal principal and interest and average principal.
Equal principal and interest calculation formula
Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.
It should be noted that the amount of provident fund loans in cities around the country is high, which should be combined with local conditions. For residents who have borrowed money to buy a set of housing but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policy of purchasing ordinary self-occupied housing with the first loan shall be implemented mutatis mutandis.
Average capital calculation formula
Monthly repayment amount = monthly principal+monthly principal and interest; Monthly principal = principal/repayment month;
Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate.
Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.
The mortgage discount may be hard to come down again this year.
In other first-tier cities, due to the cancellation of the 8.8% discount by HSBC, the lowest mortgage interest rate in Shenzhen has also been raised to 10%.
However, the interest rate cut did not affect Beijing's mortgage concessions. The number of banks with 8-prefix discount interest rate in Beijing jumped from 2 before the holiday to 5, and the absolute interest rate was almost 5%. There are also two banks in Shanghai with a minimum discount of 8.5%.
According to Wang Jun, after the interest rate cut, the preferential mortgage interest rate has gone up and down, mainly depending on the adjustment of mortgage strategies and preferences of banks. The source believes that after the holiday, the funds are relatively loose, and the mortgage discount should be the largest in the whole year, and there is not much room for further decline. Not surprisingly, the bottom line of most banks' lending should be around 10% discount, and the 30% discount on mortgage loans still exists in policy.