The latest calculation method of prepayment calculator?
I. Calculation formula of equal principal and interest:
1. calculation principle: from the beginning of monthly contribution, the bank will charge interest on the remaining principal first, and then the principal; The proportion of interest in monthly payment decreases with the decrease of residual principal, and the proportion of principal in monthly payment increases with the increase, but the total monthly payment remains unchanged.
2. The amount of provident fund loans in cities around the country is relatively high, which should be combined with local conditions.
3. For residents who have borrowed money to buy houses but whose per capita area is lower than the local average, and then apply for a second set of ordinary self-occupied housing, the preferential policies for purchasing ordinary self-occupied housing with the first loan shall be implemented mutatis mutandis.
Second, the average capital calculation formula:
1. Monthly repayment amount = monthly principal+monthly principal and interest.
2. Monthly principal = principal/repayment months
3. Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate.
4. Calculation principle: the amount of the principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.
What should I pay attention to in prepayment?
First, don't repay the loan in advance in the first year. According to the relevant provisions of provident fund loans, the repayment amount should be in advance after 1 year repayment, and the repayment amount should exceed the repayment amount of 6 months. Another point is that the loan contract stipulates that those who repay the loan in advance shall not be overdue. If it is overdue, you should pay off the arrears first and then apply for early repayment.
Two, the public must fully consider their own capital operation and follow-up sources of funds when choosing the loan term. For example, Mr. Xu chose a loan with a higher term, 30 years, with a total amount of 680,000. The monthly repayment amount in the first year is 3906.62 yuan, of which 3 160.99 yuan is interest and 745.63 yuan is principal. In the past year, the customer repaid the principal of 745.665438 yuan+February = 8,947.56 yuan, and the interest was 365,438 yuan+060.938 yuan+02 yuan.
3. It can be seen that under the method of matching principal and interest, most funds only pay interest, and the principal only accounts for 19. 1%. At this time, if you choose to repay the loan in advance, the interest loss will be great. If you expect to repay the loan in advance, it is best to choose the average capital repayment method, and the loan period should not be too long.
What should I pay attention to in prepayment? Nowadays, in order to avoid overdue, many people will choose to repay in advance, but there are many things to pay attention to in prepayment. If you don't pay attention, you may lose a penalty. Now it is much easier to have a repayment calculator, because the repayment calculator can let us know the interest generated by buying a house in a short time. For friends who want to prepay, they should also know the latest calculation method of prepayment calculator in order to calculate the interest generated by prepayment. So pay attention to the process when repaying, and there are some contract problems.