Buying a house with a down payment of 20% and a down payment of 30% has the same loan interest rate. Because the factors that determine the mortgage interest rate include the additional points of the bank, the benchmark interest rate, the number of housing units, the loan type, the loan term and many other factors, but not the down payment ratio. As long as other factors are exactly the same, the loan interest rate is the same regardless of the down payment. But relatively speaking, the more the down payment ratio, the less the amount of loans needed, and the less interest actually generated. If you are preparing to buy a house with a loan, you can choose freely according to your own needs.

What if the down payment is not enough?

1, the down payment is the payment during the period of buying a house. When buying a house, you can't fully borrow money. You have to pay part in advance and borrow the rest from the bank. Considering the repayment risk of the loan, the relevant departments will require the purchaser to provide a part of the down payment, that is, the individual will pay a part of the house payment in advance to prove the repayment ability.

2. The borrower can perform the contract and always repay the principal and interest normally. There are no negative factors that affect the timely and full repayment of loan principal and interest. The bank is fully confident that the borrower can repay the loan principal and interest in full and on time. Buying a house by loan refers to the loan business in which the purchaser applies for a loan from the bank to pay the purchase price with the building of the house transaction as collateral, and then the purchaser pays the principal and interest to the bank in installments. Also known as mortgage loan.

3. Generally speaking, for personal comprehensive consumption loans, personal credit loans and other loan types, the conditions for applying for loans are largely based on personal credit accumulation in banks. When applying for a loan, try to submit some materials that can increase your credit, such as academic qualifications and income certificates. The higher the credit accumulation, the larger the loan amount.

How much is the down payment?

1. Generally speaking, if you buy a suite and use the provident fund loan for the second time, the down payment ratio below 90 square meters shall not be less than 20%; The down payment ratio of the purchase area of 90 square meters or more shall not be less than 30%.

2. In the form of commercial loans, the down payment is 30% of the total house price. If the loan is used to purchase the second suite, the down payment ratio of the loan shall not be less than 60%.

3. The down payment ratio is 30% of the personal housing mortgage loan. According to the housing needs of low-and middle-income people, the down payment ratio is still 20% for those who buy self-occupied housing below 90 square meters.