We all know that loans will generate interest. Even so, there are countless people applying for loans every year, especially those who apply for loans to buy a house. Now most property buyers pay down payment first, and then apply for a loan from the bank. Everyone usually closes the benchmark interest rate of the house. If the benchmark interest rate is lowered, will the mortgage be reduced? What is the calculation formula of mortgage repayment? Friends who want to borrow money to buy a house must master these two problems.

Will the benchmark interest rate drop and the mortgage be reduced?

From March of 1 year, financial institutions should negotiate with customers of existing floating rate loans on the conversion terms of pricing benchmark, and convert the interest rate pricing method agreed in the original contract into LPR as the pricing benchmark (the bonus value can be negative), and the bonus value will be fixed during the remaining period of the contract; It can also be converted into a fixed interest rate.

In the long run, the loan interest rate will definitely fall, not to mention the possibility of raising the loan interest rate is basically zero under the current economic pressure. The Central Economic Work Conference also mentioned that monetary policy will be used flexibly to cover the economy. To put it bluntly, it is to stimulate the economy with lower interest rates.

What is the calculation formula of mortgage repayment?

1, mortgage interest is a kind of principal interest that buyers borrow from the bank and pay at the interest rate stipulated by the bank. Calculation formula of interest: interest = principal interest rate deposit period (time). The calculation of mortgage interest will be different because of the different loan methods and mortgage repayment methods. According to the different repayment methods of mortgage, the calculation of mortgage interest can be divided into two calculation methods: equal principal and interest and average principal.

2. Calculation principle of equal principal and interest formula: the bank first collects the interest on the remaining principal, and then collects the principal from the monthly contribution; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged. The amount of provident fund loans in cities around the country is high, which should be combined with local conditions.

3. Calculation formula of average capital; Monthly repayment amount = monthly principal+monthly principal and interest; Monthly principal = principal/repayment month; Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate. Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.