1. commercial loan: calculated according to the current benchmark interest rate of 4.9%, the loan is 400,000 yuan, which will be repaid in 20 years, and the monthly repayment amount is about 26 17.78 yuan. However, please note that the actual commercial loan interest rate may be adjusted, and some banks may adjust the interest rate according to market conditions and the credit status of borrowers.
2. Provident fund loans: The interest rate of provident fund loans is usually lower than that of commercial loans. The benchmark interest rate for provident fund loans with a loan term of more than 5 years is 3.25%. The loan is 400,000 yuan, which will be repaid in 20 years. The monthly repayment amount is about 2268.78 yuan. For the second suite applying for provident fund loan, the interest rate can be calculated at 1. 1 times the benchmark interest rate, and the monthly payment will increase.
3. In addition, the repayment method (equal principal and interest or equal capital) will also affect the monthly repayment amount. Under the matching principal and interest method, the monthly repayment amount is the same; Under the average capital method, the monthly repayment amount decreases month by month.
4. To sum up, the loan of 400,000 yuan will be repaid in 20 years, and the monthly repayment amount varies according to the loan method, interest rate and repayment method. When making a loan decision, please be sure to consult a professional and learn about various loan terms and conditions in detail.