6 10 1= 606 yuan per month, with a monthly interest rate of 3.465‰.
Repayment by different people, only one person repays, and some are repaid by the couple. Different housing ownership, one person's natural property rights are also owned by one person.
Second, how much interest is the mortgage now? How to calculate the mortgage calculator?
Buying a house through a loan is a very important thing, so buyers should calculate their mortgage clearly when applying for a mortgage, but it is definitely not possible if they calculate it manually. At this time, you need to use the mortgage calculator to calculate. Next, let's learn the calculation of mortgage loan with real estate.
How much interest is the mortgage now?
1, mortgage interest rate, refers to the loan with real estate in the bank, and the loan should be repaid at the interest rate stipulated by the bank.
2. China's mortgage interest rate is uniformly stipulated by the People's Bank of China, and all commercial banks can float within a certain range. The mortgage interest rate in China is not constant all the time, but often changes, appearing in the form of raising interest rates before and after.
3. Issue an urgent document, requiring that the lower limit of the interest rate floating range of commercial banks is still 0.7 times of the benchmark interest rate. Commercial banks will implement a new interest rate: loans with a term of more than one year.
4. The loan interest rate will be adjusted once a year, and it will be 65438+ 10/0/0 in June. During the loan period, if the benchmark interest rate is not adjusted, the loan interest rate is not adjusted. On March 20 17, Beijing 16 bank cancelled the interest rate of the first home loan and adjusted it to 9.5%.
How to calculate the real estate mortgage calculator
1. This calculation is very simple. The formula is: monthly repayment amount =)n/[(65438+ 10 monthly interest rate) n- 1] Everyone can calculate their own situation according to this formula. In the formula, n represents the number of months of loan, and n represents the power of n, such as 240, which represents the power of 240 (20 years of loan, 24
2. The calculation method of average capital method is a calculation method of more first and then less. Calculation of monthly repayment amount = principal /n residual interest = monthly interest rate of principal (loan months /20.5).
3. Advantages of the above two methods: the former pays more loans than the latter, and the average capital method pays less loans than the equal principal and interest method, but it should be judged according to its own situation. The borrower can choose which way to repay, and the bank can choose according to the customer's choice.
The previous article introduced how to calculate the mortgage calculator. How did you solve the problem through the above article? When you use the mortgage calculator, you can always go to the real estate website to use it.
3. How to calculate the monthly interest and principal of mortgage?
Generally, there are not too few mortgage loans, so the repayment pressure of the lender is definitely not small. You know, average capital and equal principal and interest are commonly used repayment methods of mortgage loans, but for many people, they don't know much about it, so they have suffered a lot. Therefore, the following Qiang Sen Financial Bian Xiao will introduce you to choose a mortgage loan with equal principal and interest or average capital. Who is more suitable for you?
The difference between average capital and equal principal and interest
computing formula
Average capital
Monthly principal and interest repayment amount = (principal/repayment months) (principal-accumulated repaid principal) × monthly interest rate.
Monthly principal = total principal/repayment months
Monthly interest = (principal-accumulated principal repayment) × monthly interest rate
Total repayment interest = (repayment months 1) loan amount monthly interest rate /2.
Total repayment amount = (repayment months 1) loan amount monthly interest rate /2 loan amount.
Features: the monthly repayment amount is different, showing a state of decreasing month by month; It divides the loan principal equally according to the total repayment months, plus the interest of the remaining principal in the previous period, thus forming the monthly repayment amount. So the repayment amount in the average capital is more than one month, and then decreases month by month, less and less.
Take the loan of/kloc-0.0 million yuan paid off in 20 years as an example. The following figure shows the repayment of average principal and equal principal and interest:
Average capital plus interest
Monthly repayment amount = [principal x monthly interest rate x( 1 monthly interest rate) loan months ]/[( 1 monthly interest rate) repayment months-1]
Monthly interest = residual principal x monthly loan interest rate
Total repayment interest = loan amount, loan monthly and monthly interest rate (1 monthly interest rate), loan monthly /( 1 monthly interest rate), repayment monthly-1- loan amount.
Total repayment amount = repayment months, loan amount, monthly interest rate (65438+ 10), loan months /(65438+ 10), repayment months-1.
Features: the monthly repayment amount is the same. In essence, the proportion of principal increases month by month, the proportion of interest decreases month by month, and the monthly repayment amount remains unchanged. That is to say, in the distribution ratio of "principal and interest" of monthly payment, the interest ratio repaid in the first half is large, while the principal ratio is small. After the repayment period is over half, it gradually changes to the principal ratio and the interest ratio is small.
For the public.
The average capital repayment amount is large in the early stage, and then decreases month by month, which is more suitable for lenders with strong repayment ability in the previous period. Of course, some older people are also more suitable for this way, because their income may decrease with age or retirement.
The monthly repayment amount of equal principal and interest is the same, so it is more suitable for families with normal consumption plans, especially young people. Moreover, with the promotion of age or position, income will increase and living standards will naturally rise; If this kind of person chooses the principal method, the early pressure will be very great.
Advantages and disadvantages and choices
Interest comparison
Taking a loan of 500,000 yuan with a 30-year loan cycle as an example, the following table compares two repayment methods:
The average capital loan uses a simple interest rate method to calculate interest. At the settlement time of each repayment, only the remaining principal (loan balance) is calculated, that is to say, the outstanding loan interest is not calculated together with the outstanding loan balance, only the principal is calculated.
The loan with equal principal and interest is calculated according to compound interest. At the settlement time of each repayment, the interest generated by the remaining principal should be calculated together with the remaining principal (loan balance), which means that the unpaid interest should also be calculated. In foreign countries, it is recognized as a loan method suitable for the interests of lenders.
Therefore, under the traditional repayment method, the longer the loan cycle, the more interest the loan with equal principal and interest will generate than the loan with average capital.
selection principle
Average capital: the principal remains unchanged, the interest decreases month by month, and the monthly repayment amount decreases; Equal principal and interest: the principal increases month by month, the interest decreases month by month, and the monthly repayment amount remains unchanged.
Since the average capital method pays less interest under the same circumstances, is it necessary for the average capital to repay the loan? In real life, there is no fixed answer! It is important to master the following five principles and choose the appropriate repayment method:
1. Happiness in life: At the initial stage of repayment, the monthly repayment amount of the average capital method is relatively high, and the repayment pressure is greater than the matching principal and interest. Therefore, we should consider the individual's endurance. From the perspective of women's life, today's happiness is more important than paying tens of thousands of dollars more. It is recommended not to put too much pressure on yourself at the beginning of repayment;
2. Consider the time value of money: the average capital method means a higher "down payment"-the early repayment amount is high and the early burden is heavy; Equal principal and interest have higher financial leverage, and larger assets are tilted with less money;
3. Consider whether to sell the property: if the property is to be held for a short period of time (within the time interval when the total repayment amount of equal principal and interest is less than the average capital), the investment rate after the realization of the equal principal and interest repayment method is often higher;
4. Consider the age at which repayment will begin: If you are 40 years old, your income will enter a declining range with your age in the next decade, and the repayment of equal principal conforms to the changing law of income curve. If your income curve goes up before the age of 20 and 40, there is no need to put too much pressure on yourself today;
5. Consider whether to prepay: If prepay, it is obviously more cost-effective to pay more principal and less interest in the early stage of average capital.
The above is an introduction to the average capital and equal principal and interest of Bian Xiao. I think everyone can see that there is a big gap between the two. Therefore, for the repayment person, the choice of repayment method needs to consider their own factors, so as to reduce the repayment pressure and save costs. This article comes from:
Please explain the source. 4. How to use the mortgage calculator?
1, mortgage calculator is a professional mortgage calculation software. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest.
2. Calculate the monthly payment, total interest and total repayment of commercial loans when choosing the repayment method of average capital and equal principal and interest. Short-term loans generally use one-time repayment of principal and interest or installment repayment of principal and interest, and this calculator is not applicable.
3. Operating steps: First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate; Select whether to display repayment details, and click "Calculate" to obtain detailed information such as monthly repayment amount, total loan interest, and total repayment amount in each installment.
Pay attention to the location of mortgage loan.
1. Sign a house purchase contract with the developer. At this time, it is necessary to check whether the developer has five certificates: state-owned land use permit, construction land planning permit, construction project planning permit, housing construction permit and commercial housing sales (pre-sale) permit. Pay the down payment, pay attention to keep the down payment receipt, and fill out the personal housing loan application form at the bank.
2. Bring the original and photocopy of the down payment receipt, commercial housing sales contract, ID card, city residence booklet (temporary residence permit for more than one year for non-local accounts) and income certificate to the bank to fill in the personal housing loan application form. Developers will generally sign cooperation agreements with one or several banks, and it will be more convenient to handle mortgage loan agreements with banks that have agreements with developers.
3. Go to the Housing Authority to apply for the certificate of other rights of the house, which proves that the house has the mortgage right of the bank. Go to the notary department for notarization of property right mortgage. Go to the insurance company to apply for family insurance. The above procedures will generally be handled by the bank. The bank's credit staff will review and approve the materials submitted by the applicant step by step. If it is considered that it meets the conditions of bank loans, the applicant shall be notified to sign the Individual Housing Mortgage Loan Contract, and the contract period shall not exceed 30 years.
The above is what Bian Xiao shared about how to use the mortgage calculator. More information can focus on the construction industry and share more dry goods.