The benchmark interest rate for commercial loans with a current loan term of more than five years is 4.90%. Due to the purchase restriction policy, local banks have adjusted the interest rate of the first home loan to varying degrees. At present, the national average interest rate of the first suite is 5.38%, and the interest rate has generally risen by 5%-20%. The interest of house purchase loan is not only related to the loan interest rate, but also related to the loan term and repayment method. At present, there are two repayment methods of mortgage in China, average principal and equal principal and interest.
The monthly repayment amount of average capital is different, showing a state of decreasing month by month; It divides the loan principal equally according to the total repayment months, plus the interest of the remaining principal in the previous period, thus forming the monthly repayment amount. So the repayment amount in the average capital is more than one month, and then decreases month by month, less and less.
Matching principal and interest means the same monthly repayment amount. In essence, the proportion of principal increases month by month, the proportion of interest decreases month by month, and the number of monthly repayments remains unchanged. That is to say, in the "principal and interest" distribution ratio of monthly payment, the proportion of interest repaid in the first half is large, and the proportion of principal is small, and it gradually turns into the proportion of principal and interest is small after the repayment period is over half.