There is no fixed general repayment period for buying a house with a loan, usually 20 or 30 years, because the loan period: the longest loan period for a first-hand house is 30 years, and the longest loan period for a second-hand house is 20 years. At the same time, the loan period plus the applicant's age must not exceed 70 years old. But you can check according to your actual situation. How many years do you want to keep it?

In terms of interest, the loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times. But this interest rate will change, depending on the annual central bank interest rate standard.

Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc. The repayment method is different, the monthly repayment amount will be different, so the interest will be different.

For example, you have a crush on a commercial house, worth 300 thousand. The down payment is 6,543,800 yuan, so a loan of 200,000 yuan is needed. Calculated according to the benchmark interest rate of 4.9% and equal principal and interest repayment. The repayment in different periods is as follows:

Loan term 10 year: the monthly repayment is 211.55 yuan, and the total accumulated interest is 53,385.75 yuan;

Repayment period 15: monthly repayment 157 1. 19 yuan, with accumulated total interest of 828 13.92 yuan;

The loan term is 20 years: monthly repayment 1308.89 yuan, and total accumulated interest114133.438+04 yuan.

The longer the term is chosen, the higher the interest. However, if you plan to repay the loan first and then pay the down payment, it is more cost-effective to choose a 20-year loan period. After all, the monthly interest will be less, and early repayment only needs to repay the remaining principal, which will not generate interest.

If you don't plan to repay in advance, the monthly salary is enough to pay the monthly payment and ensure your life, then you can choose the loan term of 10 years. This can save the interest of "114133.14-53385.75 = 60747.39 yuan".