How to calculate the interest on the house loan?
1. average capital repayment method: divide the loan amount into n installments according to the number of repayment periods, and multiply the unpaid principal amount of each installment by the loan interest rate until the current interest is paid off;
Calculation formula: monthly repayment amount = principal * monthly interest rate *[( 1+ monthly interest rate) n/[( 1+ monthly interest rate) n-1]; Where n represents the number of months of loan, and n represents the power of n, such as 240, representing the power of 240 (20 years and 240 months of loan); Monthly interest rate = annual interest rate/12; Total interest = monthly repayment amount * loan months-principal
Two. Matching principal and interest repayment method: the principal and interest are annualized during the loan period, and the sum of principal and interest in each period is equal. The calculation of interest is complicated, and the interest of each period is not equal, but the sum of principal and interest of each period is equal. The first interest is the principal amount multiplied by the loan interest rate, and the equal annuity repaid in each period MINUS the first interest is the principal repaid in the first period; The calculation of interest in the second period is to subtract the principal repaid in the first period from the total loan principal to get the principal amount in the second period, and then multiply it by the loan interest rate to get the interest payable in the second period, and so on in subsequent periods.
Calculation formula: monthly repayment amount = principal /n+ remaining principal * monthly interest rate; Total interest = principal * monthly interest rate * (loan months /2+0.5)
How much is the interest on the house loan?
First, mortgage loan down payment: If you are a first-time buyer, the bank usually requires a down payment of 30% of the house price; If you buy a second suite, the down payment ratio is relatively high, and the specific standards should refer to the prevailing standards in your city.
2. Bank loan interest rate: the annual interest rate of interest rate items (%). If you need to estimate some daily interest when making a loan, you can convert it into daily interest rate with annual interest rate /365.
3. Loans within six months (including six months) 4.86; Loans from half a year to one year (including 1 year) 5.31; One to three years (including three years) loan 5.40; Loan for three to five years (including five years) 5.76; Loans for more than five years.
How to calculate the interest on the house loan? What is the interest on the house loan? So much for the introduction. Warmly remind everyone that if the loan buyers provide false materials to the bank, it may have a serious impact: it will affect the bank's audit, and it will be impossible to issue loans and realize the dream of living; What's more, it may be because individuals provide false materials, which leads to the inability to apply for loans, which leads developers to require buyers to bear the liability for breach of contract for overdue delivery of mortgage information and pre-sale contract of commercial housing.