In contrast, it is more cost-effective to choose 20 years to repay in advance. The reason is that the mortgage interest for 20 years is less than that for 30 years. Housing loans are repaid in advance, and the interest generated in the same period of 20 years is getting less and less.

For example, you can see at a glance that if the loan is 300,000 yuan, the loan interest rate is 4.9%, and the principal is repaid in equal amount, then:

1, the total interest of housing loan for 20 years =171199.72 yuan, and the total interest of housing loan for 30 years =273 184.86 yuan. The shorter the duration, the lower the interest.

2. If normal repayment is made five years in advance, the interest on housing loan in the first five years of 20 years is 67,765,438+06.8 yuan, and that in the first five years of 30 years is 70,623.88 yuan. As a normal repayment for five years, a 20-year mortgage can save 2907.08 yuan in interest than a 30-year mortgage, so it is more cost-effective.

Second, warm reminder

1. The greater the mortgage interest, the greater the housing loan interest, and the same time for prepayment. The greater the annual interest rate, the greater the interest.

2. No matter whether you choose the equal principal and interest repayment method or the equal principal and interest repayment method, the interest of the housing loan will be more than one month, and then it will decrease month by month, but the repayment method in average capital is faster than that in average capital, so the interest generated by the repayment method in average capital is less and less.

Will frequent use of flowers affect bank loans? Generally speaking, as long as there is no loans overdue, it will not affect bank loans.

The reason is:

1, Ant Flower Garden was originally a small daily consumption loan, which was frequently used. However, as long as the customer pays off the debt, what is shown in the personal credit report is the formal consumption concept and its good personal credit accumulation, which will not adversely affect the bank loan.

2. The same is true for borrowing. Although the credit line is actually higher than that of the ant flower garden, as long as the loan is needed and the debt is paid off, even if there are many loan slips, they are within the credit line of the loan and belong to normal use, which will not endanger the bank loan.

3. An important factor that hurts bank loans is the situation of loans overdue in personal credit report. If there are several cases of loans overdue or loans overdue at this stage, the adverse impact will be more direct, and for all parties, it is the conclusion after comprehensive evaluation. Therefore, the key to frequently borrowing flower buds is that there is no need to generate loans overdue, so that bank loans have little impact.