1. repayment method of equal principal and interest: monthly repayment amount = loan principal * monthly interest rate *( 1+ monthly interest rate) total repayment months /(( 1+ monthly interest rate) total repayment months-1). At the initial stage of repayment, the interest expense is the largest and the principal is the least. Later, the interest payment gradually decreased and the principal gradually increased. However, the monthly repayment amount (principal plus interest) is equal. It is more suitable for young people with low income and little savings, and will not reduce their quality of life because of the low monthly pressure.
Second, the average capital repayment method, monthly repayment amount = loan principal/total repayment months+(loan principal-accumulated repaid principal) * monthly interest rate. Refers to the equal repayment of the loan principal every month, and the loan interest decreases month by month with the principal and interest, and the monthly repayment amount (principal+interest) decreases gradually. The total amount of interest repaid is less than the equal principal and interest method, which is suitable for middle-aged people with high income and certain savings.
Third, the central bank has carried out the mortgage interest rate reform, and all existing mortgages are faced with "one of two choices": either converted into fixed interest rates or LPR floating interest rates.
4. Starting from 202 1, if the floating interest rate of LPR is selected, the mortgage interest rate will be switched once a year. If we take 65438+ 10 month 1 as the time point, then the first batch of mortgage interest rate conversion is coming.
Verb (abbreviation of verb) Since 2020, the central bank has cut interest rates by LPR twice:
1 year LRP interest rate: reduced from 4. 15% to 3.85%, with a cumulative interest rate reduction of 30 basis points; 5-year LPR interest rate: reduced from 4.8% to 4.65%, with a cumulative interest rate reduction of 65,438+05 basis points.
Housing loans, almost all medium and long-term loans, are based on the 5-year LPR interest rate. As long as the floating interest rate is chosen, the mortgage interest rate of 202 1 will be 15 basis points lower than that of 2020. This means that since 20 15, the stock mortgage will usher in the first "interest rate cut" and the floating interest rate of mortgage will be officially opened.
6. You know, since 20 15, the benchmark interest rate of policy loans has been maintained at 4.9%. Although the floating interest rate has been changing, the previous mortgage has never been adjusted because the benchmark interest rate has not moved.
7. This time, 15 basis points will be lowered, equivalent to 0. 15%. Based on the 30-year mortgage loan of 654,380,000 yuan, the accumulated savings in 20265,438+0 years is 65,438+0,080 yuan. Although this figure seems to be better than nothing, the floating interest rate of LPR is converted once a year. If the central bank continues to cut interest rates in the future, the repayment amount will continue to decrease, and vice versa. First, it does not involve provident fund loans. This LPR interest rate reform only involves commercial loans, and the provident fund loans remain unchanged. Second, the fixed interest rate is not affected.
8. Under the fixed interest rate, the mortgage will remain unchanged throughout the repayment cycle, so that it will not be affected by the economic cycle and interest rate hikes and interest rate cuts, nor will it be able to enjoy the benefits brought by interest rate cuts or accept the new costs brought by interest rate hikes.