Current location - Loan Platform Complete Network - Loan intermediary - The mortgage interest rate of 420,000 yuan is 5. 1, and how much is it every month for 30 years?
The mortgage interest rate of 420,000 yuan is 5. 1, and how much is it every month for 30 years?
If the loan is in the form of "equal principal and interest"

The annual loan interest rate =5. 1%, and the monthly interest rate = annual interest rate/12 = 0.425%;

Formula: monthly repayment amount = loan amount * monthly interest rate/1-( 1+ monthly interest rate)-repayment months.

Monthly repayment amount = 420000 * 0.425%/1-(1+0.425%)-360

Monthly repayment amount = 2280.39 yuan

Total repayment = 820,940.06 yuan.

Total interest = 400,940.06 yuan

Answer:

Under the assumed conditions, the monthly repayment amount of this loan is 2280.39 yuan; The total repayment amount is 820,940.06 yuan; The total interest is 400,940.06 yuan.