The monthly payment of 654.38+100000 paid off in five years is related to the repayment method of customers, and the repayment method is different. There are two repayment methods:

1. Matching principal and interest repayment method: Matching principal and interest repayment method means that the monthly principal and interest are the same and the bank pays the same monthly, that is, the bank's principal and interest are evenly distributed to the monthly repayment date.

Monthly payment with equal principal and interest repayment method = [loan principal× monthly interest rate× (1interest rate )× repayment months ]=[( 1 interest rate )× repayment months].

2. Repayment method in average capital: Repayment method in average capital means that the principal paid every month remains unchanged, and the interest gradually decreases.

Average repayment method monthly repayment amount = (loan principal ÷ repayment months) (loan principal-accumulated repaid principal) × monthly interest rate.

Taking housing loan as an example, the monthly loan payment 105 is calculated, the benchmark interest rate of the central bank is 1-5 years (including 5 years), and the annual interest rate of commercial loans is 4.75%; The annual interest rate of provident fund loans for less than five years (including five years) is 2.75%. 105,000 The monthly repayment amount of the loan is as follows:

I. Commercial loans

1. The repayment method of equal principal and interest is 65438+100000 yuan loan 1875 per month. 69 yuan.

2. Average Capital Repayment Method The loan of 6,543,800 yuan was provided to 5 yuan in 2062 in the first month of five years, and it has been decreasing every month since then.

Second, provident fund loans.

1. Matching principal and interest repayment method: 300,000 yuan loan is repaid every month 1785. 78 yuan.

2. The average capital repayment method is 300,000 yuan, which is 65,438+0,895.83 yuan in the first month of five years, and will decrease every month thereafter.