It is necessary to calculate the remaining loan principal, remaining installments, repayment interest rate and prepayment penalty. The following is the general calculation method:
Calculation of remaining principal: determine the amount of remaining principal according to the repayment plan or through consultation with the bank.
Calculate the number of remaining periods: according to the repayment plan or sum.
The calculation of prepayment is inconsistent with the bank or confirmed with the bank. In this case, the penalty for prepayment is the residual principal, usually between 1%-3%, but the specific amount may be due to the bank and loan products.
Calculate the amount required for prepayment: about gold, and get the total amount required for prepayment.
Compare the interest expenses of prepayment and continuing repayment according to the original plan: compare the total amount required for prepayment and the interest expenses of continuing repayment according to the original plan.
If the interest cost of continuing repayment according to the original plan is low, it is more cost-effective to repay in advance.
It should be noted that prepayment will cause problems, such as reducing liquidity and ability.
If prepayment is considered, it is suggested that prepayment details and impact.
Second, which loan scheme is more economical?
If there is China Merchants Bank in your city, you can try to apply for a loan through China Merchants Bank. As the required conditions and application materials of each loan project are different, please call 95555 8:30- 18:00 and choose 3 people to provide customer service -3-3-8 to provide loans, so as to learn more about the city.
Whether the loan application is approved or not shall be subject to the comprehensive audit results of the personal loan department of the handling bank.
Third, how to buy a house by loan is the most cost-effective.
1, mortgage, the longer the term, the better. The longer the mortgage term, the better. If you find a high-yield investment channel, the longer the loan period, the better. 2, down payment, if you have money, pay as much as possible. If you have money, you should pay as much down payment as possible. Ordinary people should be able to borrow a lot of money from the bank, and the interest rate will be discounted, that is, mortgage. We should make good use of this opportunity. In the long run, the currency will always depreciate, and now it is still more than 10000 per month, which may be a huge sum, but after 20 or 30 years, it will still be more than 10000 per month, which may be considered as a piece of cake. 3, owing on the loan, according to the way and timing. In order to reduce the pressure of future expenditure, many mortgage borrowers choose to repay their loans in advance. In fact, it is not cost-effective to repay the loan in advance in some cases. In commercial mortgage, there are two ways: average capital repayment method and matching principal and interest repayment method. For example, if the repayment period of matching principal has passed 1/3 and the repayment of matching principal and interest has reached the middle stage, there is no need to repay in advance. Because the average capital divides the total loan amount by half the cost, the repayment interest is calculated according to the remaining principal. 4, interest, savings also have tricks. Finally, it is to deposit interest. Tens of millions of mortgage interest is really a lot. It's a trick for you to repay the mortgage with the proceeds from the principal investment. If you can count as a bank, paying less interest is also a skill. If the provident fund interest rate is lower than the mortgage interest rate, the mortgage lender should use the provident fund loan amount first, and then choose commercial loans. Although buying a house costs a lot, there are skills to save money, especially in the case of buying a house with a loan. Of course, if you want to buy a cost-effective house, you must do your homework.