I. Calculation of Equal Principal and Interest

Starting from the monthly contribution, the bank collects the interest on the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.

It should be pointed out that:

1, the maximum amount of urban provident fund loans should be combined with local conditions.

2. For residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policies for buying ordinary self-occupied housing with the first set of loans shall be implemented mutatis mutandis.

Second, the average capital calculation

The principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.

Monthly repayment = monthly principal+monthly principal and interest.

Monthly principal = principal/repayment months.

Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate.

Extended data:

It is not appropriate to repay the loan in advance;

1. Buyers whose principal repayment period has expired 1/3.

Since the average capital divides the total loan amount by half of the cost, the repayment interest is calculated according to the remaining principal. In other words, the later this repayment method is, the less the remaining principal will be, so the less interest will be generated. In this case, when the repayment period exceeds 1/3, the borrower has already paid nearly half of the interest, and the later repayment is mostly the principal, and the interest level has little effect on the repayment amount.

2. Buyers who have reached the medium-term repayment of principal and interest.

Matching principal and interest repayment adds up the total principal and interest of mortgage loans and distributes them equally every month. The monthly loan interest is calculated according to the remaining loan principal at the beginning of the month and settled monthly. In other words, the proportion of principal in the monthly repayment amount increases month by month, and the proportion of interest decreases month by month. By the middle of repayment, most of the interest has been paid off, so it is of little significance to repay the loan in advance.

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