Today's high housing prices make many people just need to be afraid. Now many people have the need to choose a house, but they are unable to choose a house in full, so people choose a house with a housing loan. Because different cities have different loan policies, it is necessary to understand the local real estate policy, because only in this way can the funds on hand be arranged reasonably and used correctly. If you plan to choose a house in Hohhot, how much is the down payment for a 550,000 house? How much is the monthly payment? Let me show you the relevant information below!

For the purchase of the first suite, the down payment ratio of commercial loans shall not be less than 30% of the total house price, that is, 550,000 * 30% = 385,000 yuan, with the longest loan term of 30 years; Provident fund loans, the loan ratio can reach 80%, the maximum loan amount is 600 thousand yuan, and the longest loan period is 30 years.

If it is a second suite, it shall not be less than 50% of the appraised house price, that is to say, for a house with a total price of 550,000 yuan, the down payment needs 550,000 * 50% = 275,000 yuan; If the provident fund loans the second suite, the maximum loan amount is 600,000.

Regarding the down payment and monthly payment for choosing a house in Hohhot, if you plan to buy a house of 550,000 yuan in Hohhot, you must prepare sufficient funds. The down payment is not a small expense, and the monthly payment should be calculated. Will it affect your quality of life in the next few years or even decades? The above is the content of Hohhot housing loan I provided for you, and I hope it will help you!