In second-and third-tier cities, the loan is 500,000 yuan, and the loan period is 20 years. The monthly payment calculated according to the benchmark interest rate of 5. 15% and 4.9% is 334 1.35 and 3272.22 yuan respectively, which means that the monthly payment can save 69. 13 yuan, and the total interest can save 65,438+. So after these interest rate cuts, how much is the monthly mortgage repayment saved? How much interest can you save in total?
Similarly, take a loan of 500,000 yuan for 20 years as an example, and let 360 yuan calculate an account for everyone.
Waiting amount for debt service
At the beginning of 20 15, the benchmark interest rate of commercial loans for houses with a term of more than five years was 6. 15%, and the monthly repayment was 3,625.56 yuan, with a total interest of 370 133.438+0 yuan.
After this interest rate cut: the benchmark interest rate for loans with a term of more than five years is 4.90%, and the monthly repayment is 3,272.22 yuan, saving 353.34 yuan compared with that before the interest rate cut; The total interest paid was 285,332.86 yuan, which was 84,800.95 yuan less than before the interest rate cut.
matching principal repayments
At the beginning of 20 15, the benchmark interest rate for loans over five years was 6. 15%, and the repayment in the first month was 4,645.83 yuan, and the monthly payment was reduced by 10.68 yuan, and the total interest was 30,8781.25 yuan.
After the interest rate cut this time, the benchmark interest rate for loans with a term of more than five years is 4.9%, the first month repayment is 4 125.00 yuan, the monthly payment is reduced by 8.5 1 yuan, and the total interest paid is 246,020.83 yuan, which is 62,760.42 yuan lower than that before the interest rate cut.
How much can I save?
After five interest rate cuts this year, with a loan of 500,000 yuan for 20 years, the monthly payment can be saved by 353.34 yuan and the total interest can be saved by 84,800.95 yuan. If the repayment method of decreasing month by month is adopted, the total interest can be saved by 62,760.42 yuan. In other words, the total interest paid can save up to 84,800.95 yuan.
I believe that for property buyers, with the continuous reduction of the monthly cost of property buyers, the interest rate cut channel has been continuously opened, and the enthusiasm of property buyers will continue to improve. For the domestic market, real estate conforms to the loosest RRR cut and interest rate cut policy in history, which can cope with the downward pressure brought by the overall macro-economy to some extent.
(The above answers were published on 20 15- 10-26. Please refer to the current actual purchase policy. )
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