Early repayment is to repay the remaining principal. You borrowed it last year, so if you pay it back now, you only need to pay back the remaining 420 thousand, plus a small amount of liquidated damages (you don't have to pay back the remaining interest that many people are worried about)

If equal principal and interest are used for repayment, the commercial loan of RMB 420,000 will be repaid in 360 months (30 years) from August of 201year, and then in July of 20041year; According to the adjustment and fluctuation of the national benchmark interest rate and the following information provided by you, the total repayment amount for this 12 month is 33,700.66 yuan, and the total interest paid is 29,475.2 yuan;

From August of 20 1 1 year, calculated at the annual interest rate of 7.05%, to July of 20 12, the monthly contribution is 2808.39 yuan; During this period, the total monthly repayment is 33,700.66 yuan, and the remaining principal is 415,774.54 yuan.

Therefore, if you pay off in advance at this time, the amount you need to pay is 4 15774.54 yuan, plus the monthly interest of 24438+about 2 times of 0 yuan as liquidated damages.