At present, there are two repayment methods for housing loans, namely, the equal principal and interest method and the average capital method. I don't know which repayment method you adopted, but now the two methods are calculated as follows:
1. Equal principal and interest method: the monthly repayment amount is 188.438+0 yuan (the same every month). The total repayment principal and interest is 249,985.96 yuan, of which the interest is 99,985.96 yuan (that is, more money than the loan).
2. Average capital method: the repayment amount in the first month is 65,438+0,768.33 yuan (it will decrease month by month, and the repayment amount in the last month is 838.53 yuan). The total repayment principal and interest is 234,665,438+07.05 yuan, of which the interest is 84,665,438+07.05 yuan (more than the loan).
Compared with the above two methods, the average capital method is less than the equal principal and interest method 1538+0 yuan.
If your loan contract has not been signed, you can choose the repayment method when the bank goes through the formalities.