1, the monthly repayment amount is different; 2. Different interests; If there is no other investment, I paid it back this morning. If there is other investment, it is better to invest!
Second, what is the difference between a loan of 20 years and 30 years?
What is the difference? You haven't had that much money for a long time, just grow up.
The principal interest rate of 33,000 yuan is 3% 25. The loan term is 20 years. How much is the monthly interest?
If you apply for provident fund loans, the current annual interest rate of provident fund loans for more than five years is 3.25%. Under the condition of constant interest rate, the average capital is adopted for the monthly payment of 170 1.59 yuan. The first monthly payment is 2062.5 yuan (for reference only), and the monthly payment is decreasing month by month.
In some cities, China Merchants Bank has launched provident fund loans. Please call the customer service of China Merchants Bank, select 3 people's customer service -3-9, and enter the manual service to provide loan purposes and cities to try to understand the required information. (Reply time: 2065438+April 24, 2009. Please refer to the latest business changes announced by China Merchants Bank in official website. 4. What's the difference between a loan of 30 years and a loan of 20 years? 30 years of loans and losses in advance? How to calculate the interest?
First, the difference between 30-year and 20-year loans.
There is a big difference between 30-year and 20-year loans, mainly in terms of interest. If the house loan is RMB 6,543.8+100,000 yuan, according to the current loan interest rate, the repayment amount and interest of commercial loans (the benchmark interest rate is 4.9%, and the mortgage interest rate has risen to 5.88% in many cities depending on local conditions) and housing provident fund loans (the mortgage interest rate is 3.25%) are different, as follows.
1, 20-year commercial loan: the mortgage interest rate is 5.88%, and the total repayment amount is 1702900 yuan, of which the total interest is 702900 yuan; The monthly repayment is 7095.25 yuan.
2. Commercial loan for 30 years: the mortgage interest rate is 5.88%, and the total repayment amount is 2130700 yuan, of which the total interest amount is1130700 yuan; The monthly repayment is 59 18.57 yuan.
3. Housing provident fund loan for 20 years: the mortgage interest rate is 3.25%, and the total repayment amount is 136 1300 yuan, in which the total interest amount is 36 1300 yuan, and the monthly repayment amount is 567 1.96 yuan.
4. Housing provident fund loan for 30 years: the mortgage interest rate is 3.25%, and the total repayment amount is 654.38+0.5667 million yuan, of which the total interest amount is 566.700 yuan and the monthly repayment amount is 4352.06 yuan.
Whether using commercial loans or provident fund loans, the loan interest rate is the same, but the total interest is different. Often the longer the time, the more loans need to be repaid.
(Note: The above data are all from the Internet for reference only, and the actual data shall prevail. )
Second, does the loan still suffer losses 30 years in advance?
(a) loans 30 years in advance still suffer? Whether it is a loss or not needs to be analyzed according to the specific situation. There are three specific situations, and the following is an analysis.
1. If the loan with equal principal and interest does not exceed one third of the loan life, it is more cost-effective to repay it in advance.
2. If the average capital does not exceed a quarter of the total loan period, it can make partial prepayment.
If you want to pay off the loan as collateral, you don't need to consider other issues.
(2) Some people say that it is a loss to repay the loan 30 years in advance for the following reasons:
1, currency depreciation
If the monthly payment is 654.38 million now, the pressure will be great, but after 10, the currency will depreciate in 20 years, and 654.38 million will be very easy.
2. Increase in income
Generally speaking, with the passage of time, personal income will gradually increase. Mortgage may account for 80% of your income now, but it will probably only account for 50% or even lower in the future, and the pressure will be much less.
The interest has been paid back.
Take the repayment of equal principal as an example, the interest is decreasing every month, and the less it is. You have paid a lot of interest and taken on a lot of pressure in recent years. There is no need to settle accounts in advance at this time.
3. How to calculate the interest of the loan 30 years in advance?
How to calculate the interest of 30-year prepayment? If you want to know the interest of repaying the loan in advance for 30 years, you need to analyze it according to the specific situation. Here are three common situations.
1, prepay in full.
If the borrower applies to the bank for personal commercial housing loans and personal housing provident fund loans, with the consent of the lending bank, the borrower can repay all the outstanding principal in advance at one time, and the interest will be paid off together with the principal. The lender does not charge interest during the lead time, nor does it refund or reduce the loan interest charged at the original contract interest rate.
2. Partial advance payment
The loan term and interest rate remain unchanged according to the original loan contract, and the monthly repayment amount will be reduced accordingly after partial prepayment.
3. Shorten the repayment period
If the loan term is shortened, the original loan contract interest rate will remain unchanged, and the monthly repayment amount after partial prepayment will remain unchanged.
If a lump-sum repayment is made in advance, the later interest will not be charged, but if it has been paid before, it will not be refunded. For partial prepayment, the interest rate to be charged remains unchanged, but the monthly repayment amount remains unchanged or will be reduced accordingly. Specific interests need to be considered according to the actual situation.