Excuse me, housing provident fund loan 1.8 million yuan, with an annual interest rate of 4.5% for 30 years. If you want to pay off the principal and interest in advance within ten years, how much do you need to repay? The answer is as follows:

The provident fund loan is 6.5438+0.8 million yuan, with a term of 30 years and an annual interest rate of 4.50%. Repay by equal principal and interest method. After calculation, the monthly repayment amount is 965.438+0.2.03 yuan, and the total principal and interest after 30 years is 328.332.08 yuan, of which the interest is 65.438+0.48332.08 yuan.

If you intend to pay off the loan within 10 years ("within 10 years"), there are many explanations: 3 years, 5 years, 8 years or 10 years? ), assuming that the loan interest rate remains unchanged throughout the repayment period:

1. Pay off the loan in one lump sum at the end of the third year (36 months): the amount required for one-time repayment is 17 1794.28 yuan. The total repayment within three years is 2037 15.45 yuan, of which the interest is 237 15.45 yuan.

2. Pay off the loan in one lump sum at the end of the fifth year (60 months): the one-time repayment needs 164996.28 yuan. The total repayment within five years is 265,438+08,806.26 yuan, of which interest is 38,806.26 yuan.

3. Pay off the loan in one lump sum at the end of the eighth year (96 months): the one-time repayment needs 153582.72 yuan. The total repayment within 8 years is 24,025,438+0 yuan, of which interest is 6,058+0 yuan.

4. Pay off the loan in one lump sum at the end of10 (1October): the amount to be paid off in one lump sum is 145073.02 yuan. /kloc-The total repayment in 0/0 year is 253,605.438+0 yuan, of which the interest is 73,605.38+0 yuan.

As can be seen from the above data, the earlier the loan is repaid, the lower the total interest. In addition, the matching principal and interest repayment method is characterized by: in the "principal and interest" distribution ratio of monthly payment, the proportion of interest repaid in the first half is large, and the proportion of principal is small, and it gradually turns into a small proportion of principal and interest after the repayment period is over half. Generally speaking, if the loan term is 30 years, it is best to settle the loan no more than 10 years in advance (because the interest paid in advance is more and the principal is less). If it exceeds 10 years, it may not be cost-effective.

The above answers are for your reference only.