Give first
Conclusion: Don't do this. Mortgage is the lowest interest rate among the bank loans that most people can get.
. Financial people like banks know the game of money better than you. These interest rates are calculated by a large number of experts. Example process: (I am not an expert, I recently bought a house and have some knowledge. I'll share it, for reference only)
Generally, the repayment period of a decoration loan is 5 years. For example, I will pay back 500 thousand in five years.
Decoration loan seems to have a low interest rate, but the calculation method of this low interest rate is different from that of mortgage. We will repay the principal every month, but the interest is still calculated according to the principal of 500 thousand.
Calculation process:
Calculation method of low interest rate decoration loan
Total amount: 500,000
Interest rate: 0.37% per month and 4.44% per year.
Repayment period: 5 years
Monthly payment: 1850 interest (about) 8333 principal = (about) 10 183 yuan.
Total interest:1850125 =11.1.0000 yuan.
Total principal and interest: 665,438+0.1ten thousand yuan (excluding handling fee)
Calculation method of mortgage (equal principal and interest)
The above is my conclusion based on your interest rate. Of course, it is not necessarily accurate. Maybe he has other calculation methods. Think of what I said above as bullshit.
So you have to ask him in detail how much he pays each month, and refer to the monthly mortgage repayment. In fact, you can get whether it is worth it. If so, pay attention.
Don't be overdue
It's gonna be okay. Second, the housing loan calculator formula
The housing loan calculator formula is as follows:
Matching principal and interest: [loan principal × monthly interest rate × (months) ÷[(65438+ 10) repayment months-1]
Average capital (loan principal/repayment months) × monthly interest rate, where the symbol indicates power. Two months is quadratic.
Extended data:
First, early repayment of mortgage loans
1, pure provident fund loan.
2, portfolio loans, according to their actual situation, the general bank gives customers three opportunities to repay in advance, repaying and retaining provident fund loans.
3. The interest rate of pure commercial loan customers is the most suitable.
Supplementary information:
Early repayment is because the provident fund can only be used for housing and decoration loans, and decoration loans are short-term in nature. The provident fund loan interest rate is only 3.25, which is more than the loan interest rate, which is beneficial to me.
2, portfolio loans, according to their actual situation, the general bank gives customers three opportunities to repay in advance, it is best to use their own provident fund loans twice. Maximize the monthly deduction of worry-free income. But I'd better communicate with the bank in advance for repayment consultation. State-owned big banks basically have liquidated damages for prepayment. The first prepayment should be after the first time _ hoop 1 year, usually with interest of 3 months or 6 months, so it is necessary to make preparations in advance.
3. For pure commercial loan customers, it is most appropriate to calculate the 20-year equal principal and interest according to the interest rate. If the customer chooses average capital or 30-year equal principal and interest, plan ahead and reduce the total loan amount to about 400,000 principal, so that the monthly repayment of about 2,200 will not affect the quality of life of the family. It's best to pay in advance only twice, otherwise you won't be able to pay in advance when you sell the house.
Third, how to use the mortgage calculator.
Operating Steps: Step 1: First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate;
Step 2: Select whether to display repayment details, and click "Calculate" to get detailed information such as monthly repayment amount, total loan interest, total repayment amount, etc.
point out
1. Commercial loans are loans used to supplement the working capital of industrial and commercial enterprises. Generally, they are short-term loans, usually 9 months, and no more than one year at most, but there are also a few medium-and long-term loans. This kind of loan is the main part of commercial bank loans, generally accounting for more than one-third of the total loans.
2. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.
According to the repayment formula of general mortgage loans, it can be divided into two types:
I. Calculation formula of equal principal and interest:
Calculation principle: from the beginning of monthly contribution, the bank collects the interest of the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.
It should be pointed out that:
1, the maximum amount of urban provident fund loans should be combined with local conditions;
2. For residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policies for buying ordinary self-occupied housing with the first set of loans shall be implemented mutatis mutandis.
Please click to enter the picture description (maximum 18 words).
Fourth, the housing loan calculator
According to the new regulations, this is already the second suite.
Our down payment ratio here is 60%
Interpretation varies from place to place, mainly depending on the local area.
You should read more local newspapers. If there is a new policy, they will announce it in time.
But it also depends on the integrity of the intermediary company.
For example, we announced it here on the 5th, but the document stipulates that the online signing at the beginning of 1 does not count.
The intermediary here is not good, and now the formalities can't go on and the money can't be refunded, so I was cheated.
You must not be like me.
If you have a house now, you'd better not buy it now. The market is unpredictable!
If we can't fight again this round, the country will definitely make a fuss about the interest of the second suite, so we will still suffer.
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