How much is the down payment for the house by installments
The down payment for the first home mortgage loan is not less than 3%; If it is a second house, the down payment is generally 5% or 6%. Of course, it depends on local policies. Whether applying for commercial loans or provident fund loans to buy a house, different regions and policies have different down payment.
How to calculate the installment payment for buying a house
Mortgage repayment is usually divided into two repayment methods: equal principal and interest and average capital. Take 11, yuan as an example:
First, the commercial loan is 5 years, with an annual interest rate of 4.33, and the monthly repayment amount per 1, yuan is 184.31; 11, yuan is 227.41 yuan/month, and the bank interest is 4435.2 yuan/year.
2: the loan is 6 years, the interest rate is 4.158, and the monthly repayment amount per 1, yuan for 1 years is 12. yuan; 11, yuan is still 1122 yuan/month, and the bank interest is 4573.8 yuan/year; If you want to repay in advance, each bank has different restrictions, and you need to consult the loan bank further.
Precautions for down payment by installment
Because there is a certain gap between the installment payment of house purchase and the house purchase policy stipulated by the state, in the process of signing the house purchase contract, the developer will write the relevant details of advance payment into the contract annex. Here, we need to remind the owners to pay special attention to several issues when signing the annex:
1. When will part of the down payment advanced by the developer be paid off?
2. Is there any interest? What is the interest?
3. if the down payment is not paid within the time limit, how to calculate the liquidated damages, whether it is to pay the liquidated damages or check out? If I check out, can I refund some of the down payment I paid before, and how much?
4. For the risk of down payment by installment, some insiders said. For the first way, the house purchase contract has been signed and filed in the housing management department, so the risk is that if the house buyer fails to make up the remaining down payment within the specified time, a penalty will be paid after the deadline, and this fee has not been restricted by relevant regulations at present, and can only be decided by the developer.
Editor's summary: After reading the above introduction, I believe everyone has a further understanding of the down payment for a house and how to calculate the installment payment for a house. For more information, please continue to pay attention to our website, and more exciting content will be presented to you later.