Related to the implementation interest rate and repayment method, according to the current general annual interest rate of 5.88% for more than five years, the repayment of principal and interest is equal (the monthly repayment amount is the same), and the monthly interest rate for 20 years (240 months) is 5.88%/ 12970000:

Monthly repayment amount = 970000 * 5.88%/12 * (1+5.88%/12) 240/((1+5.88%/12) 240.

Description: 240 is the power of 240.