Calculation formula of equal principal and interest: monthly repayment amount = principal * monthly interest rate *( 1+ monthly interest rate) * loan months /( 1+ monthly interest rate) * repayment months-1.
Monthly interest rate = annualized interest rate/12
1.96 million yuan is divided into 30 years. If calculated according to the annual loan interest rate LPR of 4.60%, the total interest is 865,438+065,438+0,698.94 yuan, the total repayment is 65,438+0,765,438+0,698.94 yuan, and the monthly payment is 4,926,5434 yuan.
29,600 yuan is divided into 30 years. If the annual interest rate of the loan is 4.9%, the total interest is 874, 19 1.55 yuan, the total repayment amount is 1.834, 19 1.55 yuan, and the monthly payment is 5,094.98 yuan.