Nowadays, when buying a house, many people will choose a loan and then repay it every month. But now there are two repayment methods, namely, equal principal and interest repayment and equal principal repayment. Many people don't know much about these two kinds of repayment, so let's find out whether the equal principal and interest of mortgage can be changed into principal if it is too cheat people. Calculation formula of equal principal and interest? Let's talk about it together, hoping to bring help to everyone.

Can equal principal and interest of mortgage be changed into principal if it is too cheat people?

Matching principal and interest repayment method can be changed to matching principal repayment. But it is suggested not to change the repayment method to average capital. Reason: (1) Equal principal and interest repayment method repays the loan principal and interest in equal amount every month, in which the interest decreases month by month and the principal increases month by month; In the average capital, the repayment amount is decreasing, the principal remains unchanged in the monthly repayment, and the interest decreases month by month. (2) The main differences between them are:

1, the repayment amount of equal principal and interest in each installment is the same, that is, the total monthly principal plus interest is the same, and the repayment pressure of customers is balanced, but the interest burden is relatively large;

2. Average capital is also called diminishing repayment method. The monthly principal is the same but the interest is different. The early repayment pressure is great, the later repayment amount is gradually reduced, and the total interest burden is less. Moreover, basically, the bank will not be allowed to change in the first year, which will take at least 12 months, and the borrower's monthly income will be more than twice the initial monthly payment of the bank's principal.

Equal principal and interest calculation formula

[Monthly interest rate of loan principal (1+ monthly interest rate) months of repayment] [( 1+ monthly interest rate) months of repayment-1] Average fund calculation formula: monthly repayment amount = (months of repayment of loan principal)+(cumulative repayment of principal amount) monthly interest rate, where the symbol represents power. For example, suppose the principal is 10000 yuan, the bank loan is 10 year, and the benchmark interest rate is 6.65%. Compare the differences between the two loan methods: equal principal and interest repayment method, monthly interest rate = annual interest rate12 = 0.066512 = 0.005541667, monthly repayment of principal and interest = [100000.00541667. Kloc-0/000120)+(10000 accumulated repaid principal amount) 0.0054 1667 First month repayment 138.75 yuan, a decrease of 0.462 yuan per month, so the total repayment amount is/Kloc-.