Many people buy second-hand houses and choose mortgage loans. The expected annualized interest rate of second-hand housing loans is higher than the benchmark expected annualized interest rate. Then, what is the monthly loan of 700,000 yuan for second-hand houses? How much is the interest? Let's solve it together.

20 16 equal principal and interest mortgage calculation formula detailed explanation of mortgage calculator

20 16 average capital loan repayment formula mortgage calculator

The expected annualized interest rate of commercial loans for more than five years is twice that of second-hand housing loans, that is, taking the house price of 6,543,800+0,000 as an example, the down payment is 300,000, that is, the down payment of commercial loans is 700,000, and the loan is 30 years. Let's look at the calculation method of equal principal and interest and equal principal repayment.

Calculation of equal principal and interest repayment:

The monthly repayment amount is RMB (the same every month). The total interest is RMB, and the total principal and interest is RMB.

Calculation of equal principal repayment:

The repayment amount in the first month is RMB yuan (decreasing month by month and decreasing month by month), the total interest is RMB yuan, and the total principal and interest is RMB yuan.

You can apply for a house.

There is no guarantee, the application threshold is low, the expected annualized interest rate is low, the loan speed is fast, and the loan can be made on the same day at the earliest.