The calculation method of mortgage prepayment is the prepayment amount plus the extra interest of prepayment, in which the calculation formula of prepayment interest is: extra interest = the monthly interest rate of the last repayment of the remaining principal/30 days after the actual repayment of the loan.

The calculation formula of prepayment interest is: extra interest = monthly interest rate of the last repayment of the remaining principal/30 days after the actual repayment of the loan. When repaying the mortgage in advance, according to the repayment agreement, the total amount to be repaid this month = the principal to be repaid this month and the interest to be repaid in advance this month.

If you repay the mortgage in advance, you need to pay extra interest to the lending institution. The reason why prepayment requires extra interest is because prepayment is a breach of contract, and the defaulting party needs to pay a certain penalty to the lender, that is, prepayment interest.

Mortgage prepayment process

1. Advance repayment must be handled at the loan handling bank, and the specific handling procedures and relevant regulations need to be consulted with the loan handling bank.

2. The procedures of the bank are different, so you must consult the documents you need to carry (generally including ID card, loan contract, custody property certificate, power of attorney for withholding repayment, etc.). ).

3. Repay part of the loan.

4. owing on the loan in advance may involve paying liquidated damages, and buyers should know in advance.

Don't forget to cancel the mortgage. When the lender cancels, it needs to apply for the returned mortgage certificate in the bank, get the application cancellation registration form from the house mortgage property right department (be careful not to handle it across regions), and attach the purchase contract or property right certificate to cancel the mortgage.

6. If there are both commercial loans and provident fund loans, profitable commercial housing loans should be repaid in advance.

7. If you apply for insurance when you apply for a housing loan, if you repay the loan in advance or shorten the loan period, you can apply to the insurance company for a refund of part of the premium.

How to calculate the prepayment of mortgage?

Hello! The handling method of prepayment of personal housing mortgage loan of Agricultural Bank of China is as follows: When the borrower applies for prepayment of mortgage loan, he must submit a written application to the lender at least 30 days in advance and get the consent of the lender. As the actual situation varies from place to place, please contact the Lender's account manager for communication. The information to be carried in the prepayment of individual housing loan is the borrower's identity document, the individual housing loan guarantee contract and the original housing loan repayment card (discount), and an application shall be submitted to the original loan agency in advance according to the contract. Please consult your local loan bank for details. The collection standard of liquidated damages for prepayment is based on the loan contract signed by the customer and our bank. Please check the loan contract or contact the loan agency for verification.

(Answer time: 2022 165438+ 10/6. In case of business changes, please refer to the actual situation. )

How to calculate the interest of mortgage prepayment?

First, repay the mortgage in advance and settle the bank principal and interest in one lump sum. The calculation of interest is based on the date when you pay off the principal and interest of the bank, and no interest is calculated on the day after interest settlement.

Two. Calculation formula of equal principal and interest repayment method: monthly equal principal and interest repayment = loan principal × monthly interest rate loan principal × monthly interest rate /( 1 monthly interest rate) repayment period.

Third, you can use the prepayment calculator to calculate. Just enter some key information, such as the original loan amount and the original loan term. And you can calculate the monthly payment and interest savings after prepayment.