Current location - Loan Platform Complete Network - Loan intermediary - I bought a house with a 20-year mortgage loan10.5 million in ICBC, with interest of 4.40%. How much interest do I always have to pay How to calculate? How much do you have to pay every month?
I bought a house with a 20-year mortgage loan10.5 million in ICBC, with interest of 4.40%. How much interest do I always have to pay How to calculate? How much do you have to pay every month?
The annual interest rate is 4.4% and the monthly interest rate is 4.4%/ 12.

Monthly repayment amount 1.5 million 20 years (240 months):

150000 * 4.4%/ 12 * ( 1+4.4%/ 12) 240/[( 1+4.4%/ 12) 240-

Total interest: 940.90 * 240-150000 = 75816.

Description: 240 is the power of 240.

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