The quoted interest rate (LPR) in the loan market ended the fluctuation for many months and ushered in the first downward adjustment since last August. The following small series will reduce the monthly loan interest rate. Let's take a look at it below, hoping to bring reference.

If the loan interest rate is lowered, will the monthly payment be reduced?

The loan interest rate is sometimes adjusted with the change of policy. Maybe the interest rate was 5% yesterday, and it has become 4% today.

This leads to a delay of only one day, and the interest rate of 5% people is much higher than that of 4%.

How much is the mortgage interest rate reduced by 0. 1 every month?

How big is the impact of falling interest rates on ordinary citizens? Eagle Heart Quick Check is calculated with a loan of 6,543,800 yuan, with a loan of 20 years and equal repayment of principal and interest. Every time the interest rate drops by 10 basis point (i.e. 0. 1%), the monthly repayment amount will be reduced by tens of yuan, and the total interest will be reduced by more than 10,000 yuan. For example, the interest rate dropped from 6. 1% to 5.5%, the monthly payment decreased by 343 yuan, and the total interest decreased by 82,400 yuan, which was very impressive. Therefore, buyers will pay special attention to their mortgage interest rates.

Mortgage interest rate cut! Calculate how much money you can save every month.

At 9: 00 1 59, the People's Bank of China authorized the National Interbank Funding Center to announce that the quoted interest rate (LPR) of the loan market on June 20, 2023 was:13.55% for the one-year LPR and 4.2% for the five-year LPR, all of which were down 10 basis point.

The last LPR rating was downgraded in August last year. On August 22, 2022, LPR, which has been over five years, ushered in the third downward adjustment of that year. On August 22nd, 2022, the loan market quoted interest rate (LPR) 1 year, 3.65% and 4.3%, respectively, decreased by 5 basis points and 15 basis points compared with the previous month.

The downgrade of LPR rating is in line with market expectations. In order to maintain liquidity in the banking system's reasonable abundance, the central bank announced on June 5th 15 to launch a medium-term loan facility (MLF) operation of 237 billion yuan and a reverse repurchase operation of 2 billion yuan in the open market. Among them, the operating interest rate of MLF is 2.65%, which is 10 basis point lower than before. Prior to this MLF interest rate cut, the central bank lowered the reverse repo rate by 65,438+00 basis points on June 65,438+03, the first reduction since last August.

How much can RRR save by cutting interest rates and reducing mortgage interest?

This is the fifth time that the central bank has cut interest rates in a short period of 20 14, 1 1. After five interest rate cuts, you can pay 80 1 yuan less every month. For the owners of existing mortgages, the effect of this interest rate cut will be realized on New Year's Day next year. Since the interest rate has been cut four times this year, if there is no further adjustment, the cost of mortgage will drop sharply next year.

Similarly, if the loan repays 6,543.8+0,000 yuan in 20 years and repays the principal and interest equally, the monthly repayment cost of the lender will be reduced by 570 yuan next year, and the total repayment cost in 20 years will be reduced by 654.38+0.36419 yuan.

How much can you save by reducing the loan interest rate by 0.3?

First of all, answer directly.

Most people buy houses through pure commercial loans, so the loan interest rate will be priced according to the LPR interest rate+basis point in the same period, in which the basis point is determined and maintained by the bank, and the LPR interest rate is quoted once a month, 2 1. Once the LPR is lowered, the mortgage interest rate will also be lowered. Even if you have bought a house, you will have the opportunity to save interest.

Second, the specific analysis

Accurately speaking, as long as the repricing date of the lender's mortgage is after the interest rate is lowered, and the LPR is lower than the downward adjustment in the same period of last month, the interest will be appropriately reduced, and the repayment pressure of the borrower will be greatly reduced.

How much can you save? Taking the mortgage amount of 654.38+00,000 yuan and the term of 30 years as an example, the equal repayment of principal and interest is selected for introduction.

Suppose that the interest rate of the first home loan was 5.25% and the monthly payment was 5,522.04 yuan, and the total interest reached 987,933.33 yuan after 30 years.

After the downward adjustment, the interest rate of the first home loan is 4.65%, so the monthly payment is 5 156.37 yuan. After 30 years, the total interest will reach 8592438+0 yuan.

By comparison, it is not difficult to find that the monthly payment of the lender before the interest rate cut is 365.67 yuan less than that after the interest rate cut, and the total interest expense is reduced by 13 1640.82 yuan, which is enough to buy a car with good cost performance.

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