100000 mortgage interest
The loan interest rate is calculated according to the national average loan interest rate of 5.5 1% in September of 20 19. If the principal and interest are repaid in equal amount, the total repayment interest for 30 years is 1046000 yuan, and it is also 5684 yuan per month. If the repayment is made with an equal amount of principal, the total repayment interest for 30 years is 828,000 yuan, and it is more than 7,000 yuan per month in the early stage.
100000 deposit bank interest
The interest rate of 1 10,000 deposit banks is not fixed, because there are now more than 4,000 banks in China, and the deposit interest rate of each bank is different. The highest interest rates are local banks and private banks, and the safest is state-owned banks. 1 10,000 has reached the deposit receipt threshold. If this 1 10,000 is a three-year deposit certificate of a state-owned bank, the interest rate can reach about 4. 18%. If compound interest is not used and the deposit interest rate remains unchanged, the total interest for 30 years 1 10,000 is 1 10,000 * 4.655. If compound interest is used, the total interest in 30 years can reach 24 1.6 million.
What if this 6,543,800 yuan is a private bank with the highest deposit and loan interest rate? At present, the five-year deposit interest rate of a private bank is as high as 5.65%. If the deposit is RMB 6,543.8+0,000, the total interest can reach RMB 6,543.8+0,000 * 5.65% * 30 = 6,543.8+0,695,000 without compound interest for 30 years, and the total interest can reach RMB 4.2 million with compound interest for 30 years. Didn't you expect the power of compound interest to be so great that the principal and interest of10 million yuan deposited in the bank will reach 5.2 million yuan after 30 years of compound interest?
Many people will wonder why banks obviously make money by interest margin, and why the interest on loans for 30 years is only a few million, while the interest on deposits can be as high as several million. In fact, the main reason is that we borrowed 6.5438+0 million for 30 years. In fact, the principal of 6,543,800 yuan is returned to the bank every month. It's just that the last installment is used on the principal of the first installment, and the deposit is different. If the deposit adopts compound interest, our principal will increase year by year, so the interest will also increase.
To sum up, we can also find that the mortgage interest rate of banks is not high. If it is a provident fund loan to buy a house, the interest rate is only 3.25%, which is far lower than the interest rate of many bank deposits, so why is it the most cost-effective to say that mortgage? Because everyone can borrow money from the bank for a lifetime and the lowest interest rate is mortgage, the interest rates of other credit cards and mortgages are much higher than the mortgage interest rate. Of course, the results of the above calculation are not fixed, because the central bank will adjust the benchmark interest rate with the development of the economy. When the benchmark interest rate changes, both the mortgage interest rate and the deposit interest rate will be adjusted accordingly.