First of all, taking the loan of 6,543,800 yuan as an example, the loan interest rate is calculated at the benchmark interest rate of 4.9%, and the principal and interest will be repaid in 30 years, with a monthly repayment of 5,307.27 yuan; Choose 20 years of equal principal and interest repayment, and you need to repay 6544.44 yuan every month.
Next, let's look at the difference between equal principal and interest and equal principal repayment. The same loan is 65,438+0,000,000,000 yuan, and the equal principal is repaid for 30 years. The repayment is 686 1. 1 1 yuan in the first month, 6849.77 yuan in the second month, and it will decrease every month thereafter. 20 years of equal principal repayment, the first month needs to repay 8250 yuan, the second month repays 8232.99 yuan, and then decreases every month.
Through the above comparison, we can find that the longer the loan term, the higher the total interest to be paid. In addition, in the case of the same loan time, the repayment of equal principal and interest is higher than the interest paid by the average capital. In this way, do many people think that it is most cost-effective to choose short-term average capital loans?
If calculated simply according to the total amount of interest to be paid, it is indeed the most cost-effective in the average capital where the loan term is short. However, the loan term can also be 10 years or even 5 years. In contrast, of course, it is the most cost-effective to pay the full amount at one time without a loan. However, how many people can pay the full amount?
So we can't simply think that the less interest we have to pay back, the more cost-effective the loan will be. We should also consider the amount of monthly payment we can afford at present and the depreciation rate of RMB.
As can be seen from the above table, from 1995 to 20 15, the average annual growth rate (M2) of broad money in China is 17.0 1%/ year (M2 stands for "the speed of printing banknotes"), 20 1658. Every year the country increases so much money, where does all the money go?
1, promoting economic growth. The average GDP growth rate of China in the past 20 years is 9.46%/ year.
2. Push up inflation. In the past 20 years, the average growth rate of inflation in China has been 2.24%/ year.
3. Push up asset prices. For example, from 1998 to 20 16, the house price in China has more than quadrupled.
Because the average annual growth rate (M2) of broad money reaches a high speed of 17.0 1%/ year, which is equivalent to giving a home buyer a loan, which is much higher than the "loan interest". For example, the 30-year matching principal and interest loan is 6,543.8+0,000, and the 30-year interest is 9,654.38+0,000, but the house price has increased fourfold in 654.38+09.
Therefore, in the case of the same loan amount, the longer the loan period, the more cost-effective the mortgage is for the buyers. If possible, choose "100 equal principal and interest" mortgage, which not only has low monthly payment and no pressure in life, but also enjoys the benefits brought by property appreciation. However, banks will not launch such products, so at present, it is most cost-effective to choose a 30-year loan with equal principal and interest.
(The above answers were published on 20 17-02-24. Please refer to the actual situation for the current purchase policy. )
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