How to calculate the mortgage interest?
1. Generally, compound interest is calculated on a monthly basis. Compound interest means that after each interest period, the remaining interest is added to the principal to calculate the interest of the next period. In this way, in each interest-bearing period, the interest of the previous interest-bearing period will become the interest-bearing principal, that is, interest will accrue at interest, which is also commonly known as? Rolling interest? .
2. There are two ways to repay by installments, one is equal principal and interest, and the other is average capital. Due to different repayment methods, the monthly loan interest is also different. But no matter what kind of loan method, there is a unified calculation standard for bank loan interest.
3. Calculation formula of loan interest; Daily interest rate (0/000) = annual interest rate (%)? 360 = monthly interest rate (? )? 30; Monthly interest rate (? ) = annual interest rate (%)? 12; Current month loan interest = remaining principal of last month * monthly loan interest rate; Principal paid in the current month = repayment amount in the current month-loan interest in the current month; Last month's remaining principal = total loan-accumulated repaid principal.
What does the mortgage interest rate of 4.9 mean?
1, I often hear people say that the mortgage interest rate is 4.9. What do you mean? It is understood that the mortgage interest rate is 4.9, which is the benchmark interest rate for bank loans of more than five years, that is, the annual interest of loans of 100 yuan is 4.9 yuan.
2. What is the benchmark for personal (RMB) loans with a term of more than 5 years announced by the People's Bank of China? Annual interest rate? It is 4.9%, and the specific loan interest rate you can apply for needs to be comprehensively reviewed by the handling bank according to the materials you submitted. At present, the bank mortgage policy is relatively tight. The interest rates implemented by major banks are all floating. Most of the major banks in Nanjing will raise the interest rate of the first suite by 20%, and the interest rate of the second suite by 25-30%.
3. The calculation principle of the equal principal and interest formula: the bank should collect the remaining principal and interest from the monthly payment and then recover the principal; Reduce interest in proportion to the monthly balance. Due to the increase, the proportion of monthly supply has increased, but the total monthly supply has remained unchanged. Down payment amount = principal x down payment ratio = monthly principal+monthly principal = principal/repayment month = principal? Monthly interest rate.
4. average capital calculation principle: the borrower distributes the principal equally every month and pays the interest between the previous repayment date and the current repayment date. This repayment method is relatively low in the equality of principal and interest. The total interest expenditure is low, but the principal and interest paid in the early stage are more, and the repayment burden is reduced month by month.
5. Monthly repayment amount = monthly principal+monthly principal = principal/repayment monthly principal = (principal-accumulated repayment amount)? Calculation principle of monthly interest: the monthly repayment amount is always the same, and the interest will decrease due to the decrease of the remaining principal.
The article is all the information compiled by Bian Xiao about how to calculate the mortgage interest and what the mortgage interest rate of 4.9 means. I hope I can help you. Mortgage interest is something that many people pursue. Generally speaking, the mortgage interest rate should be clearly understood. Only by knowing the interest rate can we know the mortgage interest and monthly payment.