Some families will buy a second suite because they have too many people, or because they don't want to live with the elderly. When buying the second suite, the loan amount, loan term and loan interest rate are different from those of the first suite. How much is the down payment for the second home loan? Let's take a look with Bian Xiao.
What is the down payment for the second home loan?
1, the second suite is purchased in the name of the buyer, and the down payment for the second home loan is the down payment for the second home loan. In order to carry out macro-control over housing and prevent people from buying houses speculatively, the state has adopted the relevant policies of second-home apartments, thus reducing the speculation of real estate to a certain extent and curbing the unhealthy development of the real estate industry.
2. For the first family (including the lender, spouse and minor children) with a housing area of more than 90 square meters, the down payment of the loan shall not be less than 30% of the purchase price; For families (including lenders, spouses and minor children) who buy a second home, the down payment of the loan shall not be less than 60%, and the loan interest rate shall not be less than 1. 1 times of the benchmark interest rate; For those who borrow money to buy a third house or above, the down payment ratio and loan interest rate will be greatly increased. This is determined by commercial banks according to the principle of loan risk management.
3. According to the recent adjustment of the mortgage policy, the detailed rules of the relevant mortgage policy require that the loan ratio and loan interest rate of the second suite need to be further improved, that is to say, under the new mortgage policy, the down payment ratio of the second suite will be increased.
4. According to the survey, the down payment ratio of the second apartment will increase from 60% to 70% in the future, and the loan interest rate will increase to 1.3 times.
The loan interest rate of the second suite is bound to be much higher than that of the first suite. If the provident fund loan is used, the loan interest rate of the second suite will be increased by 10% on the basis of the benchmark interest rate of the first suite loan.
6. The loan amount of the second suite will be much lower than that of the first suite. According to China's new policy, the maximum amount that the first home lender can borrow is 70% of the purchase price, the down payment is 30%, and the minimum down payment for provident fund loans is 20%. However, the second-home lender can only borrow up to 60% of the purchase price, and the down payment needs to pay at least 40%. The specific loan amount is also related to the qualifications of the lender.
7. To purchase a second house with a loan, the first loan must be no less than 60%, and the loan interest cannot be less than 1. 1 times of the benchmark interest rate. If you want to borrow 6,543,800 yuan and pay it off within 20 years, the monthly payment will be 7,879.5 yuan, and the total interest to be paid in 20 years will be 724,004 yuan. If the loan term is 30 years, the monthly payment is 6794.7 yuan, and the total interest to be paid in 30 years is 1084504 yuan.
8. If the down payment ratio of the second house is 70%, the loan interest rate will rise to 1.3 times, the loan interest rate will be 8.52%, and the loan amount will be 1.00 million yuan, then the loan ratio will increase to 8,690.9 yuan/month in 20 years, and the total interest amount to be paid in 20 years will be 855,550 yuan. If the loan term is 30 years, the monthly payment will increase to 7703.3 yuan/month, and the total interest to be paid in 30 years is 12 157550 yuan.
The related policies of the second suite and the first suite are different, and the taxes and fees paid by the second suite are also very different from the down payment. The above content is about the down payment of the second home loan. Friends who want to buy a second house can learn more about it.
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