Loan interest rate The bank's mortgage interest rate for everyone is also different. The bank will give different mortgage interest rates according to everyone's personal situation. The same loan amount varies greatly from month to month due to different mortgage interest rates.
take for example
Two people, Party A and Party B, have the same loan of RMB 6,543,800+0,000, with equal repayment of principal and interest for 30 years. The loan interest rate of Party A is 5.88%, and that of Party B is 5.39%. The final monthly payment is quite different.
A's monthly payment:
As shown above, this is a monthly A-share payment, with a loan of 6.5438+0 million yuan, a loan interest rate of 5.88%, a loan of 30 years, and equal repayment of principal and interest; The total interest of the loan is about 1 130700 yuan, and the monthly payment is 59 19 yuan, with fixed monthly repayment.
B's monthly payment:
As shown above, this is the monthly payment of person B, with a loan of 6,543.8+0,000 yuan, a loan interest rate of 5.39%, and a loan of 30 years, with the same principal and interest, and the total loan interest is about 654.38+0.0 1.93 yuan; The loan interest is about less129,000 yuan, and the monthly payment is 5,609 yuan, which is also less than 3 10 yuan.
Commercial loans and provident fund loans are the same as bank loans to buy a house The interest rates of commercial loans and provident fund loans are quite different. The interest rate of commercial loans to buy a house is much higher, and monthly loans are naturally more cost-effective than provident fund loans to buy a house. Buying a house with a provident fund loan is the most affordable way to buy a house.
take for example
Two people went to the bank to borrow money to buy a house, and the same loan amount was 6,543,800 yuan. The loan lasts for 30 years, with equal repayment of principal and interest. The only difference is that one person's commercial loan interest rate is 5.59%, and the other person's provident fund loan interest rate is 3.90%.
Monthly supply of commercial loans:
As shown in the above picture, this is a commercial loan. The loan is 6,543,800 yuan, with equal repayment of principal and interest. The monthly loan repayment is 5734 yuan, and the loan interest is about 654.38+0.0644 million yuan.
Monthly payment of provident fund loans:
As shown above, this is the person who bought a house with a provident fund loan. It is also a loan of 6.5438+0 million yuan, but the interest rate of provident fund loans is much lower. The total interest of the loan is about 698,000 yuan, and the monthly payment is 47 17 yuan, which is nearly 300,000 yuan less than the commercial loan, and the monthly payment is also 6,543,800 yuan.
Repayment method The repayment method chosen by the loan to buy a house is different, and the monthly payment is also very different. There are two main repayment methods, one is equal principal and interest repayment, and the other is equal principal repayment; These two repayment methods can also determine the level of monthly payment, which will lead to different monthly payments.
take for example
Party A and Party B borrowed money from the same bank to buy a house. The loan amount is also 1 ten thousand, the loan interest rate is 5.39%, and the loan term is also 30 years. They are all commercial loans. The only difference is that A now repays with equal principal and interest, while B chooses the repayment method with equal principal and interest, so the monthly payments of these two people are quite different.
Scheme a equal repayment of principal and interest:
As shown in the above figure, this is an equal repayment of principal and interest selected by A, with a loan of 6,543.8+0,000 yuan and total interest of about 654.38+0.010.93 million yuan. The monthly payment is 5609 yuan, and the monthly payment is 5609 yuan.
B choose equal principal repayment:
As shown in the above figure, this is the repayment of the equal principal selected by B. The same loan is 6,543,800 yuan, and the total interest of the loan is 8,654,380 yuan+0,700 yuan. The first monthly payment is 7,269 yuan, and then the monthly decrease is 654.38+0.2 yuan, which is the biggest advantage of average capital's repayment method.
gather
Through the analysis of the above bank loan to buy a house, the same loan amount is 6,543,800 yuan. Due to different loan interest rates, different repayment methods and different loan methods, the monthly payment amount of each person is quite different.
From here, we can draw a conclusion that it is a very normal phenomenon that the same loan amount and the final monthly payment amount are different, so I suggest that when you apply for a bank loan to buy a house, you must choose a loan that suits you according to your own situation.