Generally speaking, there are two repayment methods for mortgage, namely, matching principal and interest and average capital. The corresponding calculation method of interest is as follows: 1, repayment of equal principal and interest: interest = [loan principal × monthly interest rate× (1monthly interest rate) repayment months ]=[( 1 monthly interest rate) repayment months -65438. 2. Equal principal repayment: interest = (repayment months 1)× loan principal× monthly interest rate ÷2. If calculated according to the benchmark interest rate of 4.9% for loans over five years announced by the central bank, the 20-year loan 1 10,000. Matching principal and interest repayment, the monthly repayment is 6544.44 yuan, with the same monthly repayment amount. In the case of equal principal repayment, the first month needs to repay 8250.00 yuan, the second month needs to repay 8232.99 yuan, and the last month needs to repay 4 183.68 yuan, with an average monthly principal repayment. However, the specific mortgage interest rate should be consulted with the bank. Mortgage loan, also known as mortgage loan. Mortgage means that the buyer fills in the mortgage loan application form to the bank and provides legal documents such as ID card, income certificate, house sales contract and guarantee letter. The bank promises to grant loans to the buyer after passing the examination, and handle the registration and notarization of real estate mortgage according to the house sales contract provided by the buyer and the mortgage loan contract concluded between the bank and the buyer. The bank directly transfers the loan funds to the seller's account within the time limit stipulated in the contract. Housing loan Personal housing loan refers to a loan issued by a bank to a borrower for purchasing ordinary housing for personal use. The borrower must provide a guarantee when applying for a personal housing loan. Personal housing loans mainly include entrusted loans, self-operated loans and portfolio loans. Entrusted loan Personal housing entrusted loan refers to the loan granted by banks to individuals who purchase ordinary housing with housing provident fund deposits as the source of funds according to requirements. Also known as provident fund loans. Self-operated loans Personal housing self-operated loans are loans granted to individual buyers with bank credit funds as the source. Also known as commercial personal housing loans, the loan names of banks are different. China Construction Bank is called individual housing loan, and Industrial and Commercial Bank and Agricultural Bank are called individual housing guarantee loan. Portfolio loan Personal housing portfolio loan refers to a loan issued to the same borrower from the housing provident fund deposit and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loan and self-operated loan. In addition, there are housing savings loans and mortgage loans. Mortgage repayment methods: average capital, equal principal and interest, biweekly payment, etc. Loan amount: 80% of the value of the loanable property after being audited by the bank. Mortgage down payment: 30% down payment for the first home mortgage loan and 50% down payment for the second home mortgage loan. Loan life: 30 years for first-hand houses and 20 years for second-hand houses. At the same time, the loan period plus the applicant's age must not exceed 70 years old. Loan interest rate: the benchmark interest rate of the first home loan for more than five years is 6.55%, and the interest rate of the second home loan is 7.26% when the benchmark interest rate rises 1. 1 times.
2. Please let us know how to calculate the monthly quota for provident fund loans and bank commercial loans.
How many years have you borrowed it? I forgot to mention it. Please help me figure out what 20 years and 25 years are respectively. Thank you!
3. How to calculate the monthly payment of commercial loans?
The loan interest rate is 5.445%, which is the annual interest rate, and the monthly interest rate is 5.445%/12,300,000 yuan, 10 year (120 months). The monthly payment is 3000005.445%/12 (15.445%/12)120/[(15.445%/12).