In the calculation of mortgage interest, in fact, the time cost has been calculated in it. When we want to repay the principal and interest, the loan interest is decreasing. In other words, the actual loan interest rate of mortgage may indeed be higher than the contract interest rate, but it is still the cheapest financing channel in the market. The interest rate of other loans is much higher than the mortgage interest rate. Its interest rate is usually around 5%, which means that the annual interest of 654.38+10,000 yuan is 5,000 yuan. You can check your own loan contract specifically.

1. Personal housing loan is a kind of consumer loan, which refers to the loan issued by the lender to the borrower for purchasing ordinary housing for personal use. When a lender issues a personal housing loan, the borrower must provide a guarantee. If the borrower fails to repay the principal and interest of the loan at maturity, the lender has the right to dispose of its collateral and pledge according to law, or the guarantor shall be jointly and severally liable for repaying the principal and interest.

2. The loan object is a natural person with full capacity for civil conduct. The loan conditions are that urban residents use it to buy ordinary self-occupied houses, have a house purchase contract or agreement, have the ability to repay the principal and interest, have good credit, pay 30% of the down payment for house purchase, and have a loan guarantee recognized by the bank.

3 personal housing loans are limited to the purchase of ordinary self-occupied housing and urban residents' self-occupied housing renovation and construction, and may not be used to purchase luxury houses.

Four. Personal housing loans mainly have the following three forms:

1). The full name of personal housing entrusted loan is personal housing guarantee entrusted loan. Refers to the housing provident fund management center using the housing provident fund to entrust commercial banks to issue personal housing loans. Housing provident fund loan is a kind of policy personal housing loan. On the one hand, its interest rate is low; On the other hand, this kind of loan is mainly provided for low-and middle-income employees who pay the provident fund. However, because the spread between housing provident fund loans and commercial loans exceeds 1%, investors and property buyers are more willing to choose housing provident fund loans to buy houses.

2). Personal housing self-operated loans are loans issued by bank credit funds to individual property buyers. Also known as commercial personal housing loans, personal housing secured loans.

3). Personal housing portfolio loan refers to the loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing. It is a combination of individual housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.