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 maximum amount of urban provident fund loans should be combined with local conditions.
3. For residents who have borrowed money to buy a house but whose per capita area is lower than the local average, and then apply for buying a second set of ordinary self-occupied housing, the preferential policies for buying ordinary self-occupied housing with the first set of loans 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 principal returned every month is always the same, and the interest will decrease with the decrease of the remaining principal.
Extended data:
How to deal with the requirement of early repayment;
1. The borrower can only propose to repay part or all of the loan in advance for the first time after normally repaying the principal and interest of the loan for six months;
2. For serious loan management, the lending institution has set a minimum amount for the prepayment of some loans, which generally needs more than 6,543,800 yuan;
3. The general borrower needs to notify the lending institution to repay the loan in advance 65,438+00 days or 65,438+05 days in advance, and must submit a written application to the lending institution with the original loan contract, bank repayment savings card, monthly statement of fund repayment, my ID card and other materials, which is approved by the lender;
4. The borrower still needs to repay the original monthly loan principal and interest repayment amount in the current month, and at the same time deposit the loan amount to be repaid in advance into the bank savings card.
References:
Repay the loan in advance-Baidu Encyclopedia