According to the current policy in Beijing, if it is the first set, the down payment ratio of ordinary housing is not less than 35%, and that of non-ordinary housing is not less than 40%. If it is a second suite, the down payment ratio for ordinary houses is not less than 60%, and that for non-ordinary houses is not less than 80%. At present, the interest rate of the first home loan in Beijing is 4.75%, and the interest rate of the second home loan is 5.25%.

According to the notice, the first set of eligible housing loans refers to the commercial personal housing loans for existing housing that have been issued by financial institutions but not yet issued before August 3, 2023, and the actual housing situation of the borrower meets the first set of housing standards in this city.

That is to say, if you make a loan before the policy is released (August 3 1), you can apply for lowering the interest rate as long as you have signed a loan contract with the bank, regardless of whether the loan has been issued or not. It is worth noting that housing provident fund loans are currently not within the scope of adjustment.

Calculation of mortgage repayment method

1, equal principal and interest calculation

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 will decrease with the decrease of residual principal, and the proportion of principal in monthly payment will increase with the increase, but the total monthly payment will remain unchanged.

It should be noted that the maximum amount of provident fund loans in cities around the country should be combined with local conditions; For residents who have borrowed money to buy a set of housing 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 policy of purchasing ordinary self-occupied housing with the first loan shall be implemented mutatis mutandis.

2. Calculation of average capital

Monthly repayment amount = monthly principal+monthly principal and interest; Monthly principal = principal/repayment months; Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate. Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.

Refer to the above content: Baidu Encyclopedia-mortgage interest rate