Now the benchmark interest rate has dropped to 4.9%, but as we all know, the bank loan interest rate fluctuates, exceeding 6% at high times and 4.9% at low times. Therefore, we calculate here according to the 30-year benchmark interest rate of 5.4%. If the interest rate does not fluctuate, the total interest will be 1, 026,5438+00.85 yuan.

2. Repayment by average capital

In the same way, the total interest of the repayment of the same principal is 812,250.00 yuan, and the repayment in the first month is 7,277.78 yuan, with a monthly decrease of 12.50 yuan, and the total principal and interest is18/2,250.00 yuan.

Extended data:

The average capital repayment method refers to a repayment method in which the total loan amount is divided into equal parts during the repayment period, and the same amount of principal and interest generated by the remaining loans in the current month are repaid every month. In this way, because the monthly repayment amount is fixed and the interest is less and less, the lender is under great pressure to repay at first, but with the passage of time, the monthly repayment amount is less and less.

It is also convenient to determine the repayment ability according to your own income. The total expenditure of this repayment mode may be reduced relative to the matching principal and interest, but the repayment pressure is greater at first. If it is used for mortgage, this method is more suitable for people who are at the peak of work or are about to retire.