Add up the total principal and interest of the mortgage loan and distribute it evenly to each month of the repayment period. As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.

Matching principal and interest repayment, also known as regular interest payment, means that the borrower repays the loan principal and interest in equal amount every month, calculates the monthly loan interest according to the remaining loan principal at the beginning of the month, and settles it every month.

Because the monthly repayment amount is equal, in the initial monthly repayment of the loan, after excluding the monthly settlement interest, the loan principal is less; In the later stage of the loan, due to the continuous reduction of the loan principal, the loan interest is continuously reduced in the monthly repayment amount, and the monthly repayment of the loan principal is more.

Accumulated, your annual repayment amount will decrease year by year, and the later, the smaller the monthly repayment amount!

If your deposit in the bank has no other purpose, you can consider paying off the loan. If you can invest in Qian Shengqian with a certain rate of return greater than the bank interest, you'd better not pay it back! This depends on your own situation.