Because the latest LPR is higher than before, after the re-pricing date comes, the new interest rate calculated according to the specified basis point of the latest LPR statistics will be higher than before, and when the interest rate increases, the interest paid by customers will naturally increase, so the monthly payment will also increase.
Of course, if the LPR is lowered later, when the next re-pricing day comes, the new interest rate will be lowered, the interest paid by customers will be reduced accordingly, and the monthly payment will come back.
If the customer's mortgage is fixed interest rate, the interest rate will not change during the whole repayment period. If the repayment method of equal principal and interest is adopted, the monthly repayment amount will be the same (if the repayment method of average capital is adopted, the interest generated by repaying average capital and the remaining unpaid principal every month will be less and less because the loan principal is divided equally).