Mortgage repayment is mainly to choose matching principal and interest and average capital. If the loan is 6,543,800 yuan+0,000 yuan to buy a house, and the loan term is 20 years, it will be calculated according to the current benchmark interest rate for loans over five years.
1. Equal principal and interest: the monthly repayment amount is 6544.44 yuan, the interest due is 570665.72 yuan, and the total principal and interest repaid is 1, 570665.72 yuan.
Two. Average fund: the repayment amount in the first month is 8250 yuan, and then the repayment amount in each month decreases by about 17 yuan, and the repayment amount in the last month is 4 183.68 yuan. Upon maturity, * * * repays interest of 492,046,5438 yuan +0.67 yuan, and repays principal and interest of 65,438 yuan+0,492,046,5438 yuan.
After this comparison, the difference is obvious. With the same loan amount, term and interest rate, the total repayment amount in the average capital is more than 78,000 yuan lower than the equivalent principal and interest, which seems to be more cost-effective.
However, if we look at the monthly repayment amount in terms of average capital, it will be as high as 8,000 yuan in the first year and about 7,900 yuan in the second year. Compared with the equivalent principal and interest of 6500 yuan, greater repayment pressure will inevitably affect their quality of life.
Therefore, it can be seen that it is more cost-effective to choose the average capital when the funds are sufficient, and it is best to choose the equal principal and interest when the pressure is high in the early stage.