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How much can the mortgage interest rate be lowered by 0.2 percentage points? How much the mortgage interest rate can be lowered is related to the lowered mortgage interest rate and the selected repayment method. Take the 300,000 housing loan with a term of 20 years as an example. The interest rate of 5.2% was lowered by 0.2 percentage point, and the interest rate became 5.0%, which needs to be repaid.
1, and the mortgage interest rate is 5.2%: the total interest for repayment of equal principal and interest is 183 158.92 yuan, and the total interest is 483 158.92 yuan; The average capital has to repay the total interest of 65,438+056,650.00 yuan, and the total interest of 456,650.00 yuan, of which the average capital saves 26,508.92 yuan compared with the repayment of equal principal and interest.
2. Mortgage interest rate is 5.0%: when the principal and interest are repaid in equal amount, the total interest is 175 168. 13 yuan, and the total interest is 475 168. 13 yuan; The total interest to be repaid on the average capital is 150625.00 yuan, and the total interest is 450625.00 yuan, in which the average capital is 24543. 13 yuan less than the repayment of equal principal and interest.
By comparison, it is not difficult to see that the interest rate will be 5.0% after 0.2 percentage point reduction, which is 5.2% higher than the mortgage interest rate. The interest repaid by average capital will be reduced by 7,990.79 yuan, and the total interest of the average capital repayment loan will be reduced by 6,025 yuan.
Frequently asked questions: After the mortgage interest rate is lowered by 0.2%, the housing loan interest rate may not be lowered immediately, but it depends on whether the interest rate is lowered before or after the interest rate adjustment. Only when the interest rate is lowered one month before the interest rate adjustment date, the mortgage interest rate will be implemented according to the lowered interest rate of 0.2%, and the interest rate will be calculated according to the lowered interest rate during the interest rate adjustment period.
The above is "how much can the mortgage interest rate be lowered by 0.2 percentage points?" I hope I can help you.