1. Baidu searches for "mortgage calculator" and a calculator will appear on the page.
2. Two calculation methods, you can choose to calculate by loan amount or by area. Let's start with the loan amount.
3. Enter the loan amount and loan term, and click "Calculate".
4. Now your repayment amount appears below.
5. Then, we calculate by area again, and we test it again. Hehe, enter "unit price per square meter" and "area" and click "calculate".
6. Now the result you want appears below. Compare it with the previous results to see if it is correct.
7. If you are worried about inaccurate calculation, you can also click "Reset" to re-enter the value for calculation.
Calculation formula of mortgage repayment method:
1. Equal principal and interest calculation formula: calculation principle: the bank receives the interest of the remaining principal first, and then receives the principal from the monthly contribution; 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. Calculation formula of average fund: monthly repayment amount = monthly principal+monthly principal and interest, and monthly principal = principal/repayment months.
Monthly principal and interest = (principal-total accumulated repayment) x monthly interest rate. Calculation principle: the amount of principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.
Mortgage method:
Personal housing entrusted loan is the full name of personal housing guarantee entrusted loan, which refers to the personal housing loan issued by the housing fund management center entrusted by commercial banks with housing provident fund. Housing provident fund loan is a policy personal housing loan, on the one hand, the interest rate is low; On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund.