A 20-year loan for buying a house is more appropriate, but in the case of great economic pressure, it is recommended to borrow for 30 years. The influencing factors to judge which mortgage is cost-effective in 20 years and 30 years are: monthly supply pressure, mortgage interest rate, mortgage nature and so on.

For the average person, mortgage will cause a certain pressure on life, no matter how much the monthly payment is, provided that the mortgage can't stop and needs constant work. Therefore, for high-income people, mortgage for 20 years will cause pressure on life, so it is more cost-effective, while for low-income people, mortgage for 30 years will be more cost-effective, with less monthly mortgage and less monthly pressure.

According to the new national policy, it can be divided into LPR floating interest rate and fixed interest rate, in which LPR fluctuates under the influence of market quotation. At present, the LPR interest rate in 2022 is 4.6%. If the 30-year mortgage is 65,438+10,000 yuan, the interest in that year is about 4,530 yuan. Compared with the fixed interest rate of 4.9%, if the 20-year mortgage is 65,438+10,000, the interest in that year is 4,786.