I don't know how you worked it out. The second option (paying off part of the provident fund and part of the commercial loans) is more economical than paying off all the commercial loans. It is out of the question.
It doesn't matter how much interest you save, just look at the total monthly payment after you repay the two loans in advance. Obviously, the monthly payment is lower after all the commercial loans are paid off.
According to your second repayment:
The monthly payment of the provident fund is 2026, and 70,000 yuan will be paid in advance one year later, and the monthly payment is about 1.666.
The monthly business loan is about 5337. If it is one year, the prepayment is 300,000 yuan, and the monthly commercial loan is about 3,859 yuan.
The two add up to 5525 yuan a month.
According to your first rule:
The monthly supply of provident fund is around 2026.
The monthly business loan is about 5337. If it is one year, the prepayment is 300,000 yuan, and the monthly commercial loan is about 3,409 yuan.
The two add up to 5435 yuan a month.
Obviously, your findings are not valid. How can I save more interest by paying 90 yuan more every month?
Of course, if the provident fund is repaid in advance. Must be to repay the provident fund loan first.
It is recommended that the provident fund apply for monthly repayment. The money in your account is 55,000 yuan, which is enough for you to pay it back for about 8 months to a year (because you still pay it every month), and the provident fund paid every month will automatically offset the monthly payment. You can make up the difference in cash.
If annual mortgage is adopted, (55,000 yuan+the amount paid before July next year) will automatically repay the provident fund loan in advance in July next year (not this year). (This is not recommended due to the low interest rate of provident fund loans)
As for decoration, what's your budget? If the provident fund is collected monthly, the monthly contribution will be saved (7,400 yuan), which should be almost more than 80,000 yuan a year.