For ordinary people, buying a house can be described as a lifelong event. Most people struggle all their lives just to buy a house and have a home, but not everyone can afford a suite. The following small series will introduce the interest of 20 17 housing loan for your reference!
How to calculate the interest of 20 17 housing loan?
1, repayment method of equal principal
Divide the loan amount into n periods according to the number of repayment periods, and multiply the outstanding amount of each period by the loan interest rate until the current interest is paid off;
Monthly payment = (loan principal ÷ repayment months)+(loan principal-accumulated repaid principal) × monthly interest rate.
Monthly repayable principal = loan principal ÷ repayment months
Monthly interest payable = residual principal × monthly interest rate = (loan principal-accumulated principal repayment) × monthly interest rate
Monthly decreasing amount = monthly repayable principal × monthly interest rate = loan principal ÷ repayment months × monthly interest rate.
Total interest = [(total loan ÷ repayment months+total loan × monthly interest rate)+total loan ÷ repayment months ×( 1+ monthly interest rate) ]> 2× repayment months-total loan.
2. Equal principal and interest repayment method
The principal and interest during the loan period are annualized, and the sum of the principal and interest repaid in each period is equal. The calculation of interest is complicated, and the interest of each period is not equal, but the sum of principal and interest of each period is equal;
Monthly loan amount = [loan principal × monthly interest rate ×( 1+ monthly interest rate )× repayment months ]=[( 1+ monthly interest rate )× repayment months]
Monthly interest payable = loan principal × monthly interest rate ×[( 1+ monthly interest rate) repayment months -( 1+ monthly interest rate) (repayment month serial number-1)] ÷ [(1+monthly interest rate) repayment months -650.
Monthly repayment principal = loan principal × monthly interest rate ×( 1+ monthly interest rate) ÷ (repayment month serial number-1)÷[( 1+ monthly interest rate) repayment months-1]
Total interest = repayment months × monthly repayment amount-loan principal
Summary: The above is all the contents of 20 17 housing loan interest introduced by Bian Xiao, hoping to help everyone. Presumably, everyone knows something after reading it! You may wish to choose the repayment method that suits you according to your actual situation and needs. If you want to know more relevant information, please pay more attention to Qijia. It will provide you with more complete, detailed and up-to-date information.
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