The mortgage market of 202 1 is still hot, and many people have to borrow money to buy a house, and they will not start to repay the loan until the mortgage comes down. However, the mortgage period is relatively long, and many people are unwilling to spend so long to repay the loan. When they have money, they plan to repay the loan in advance. Some people will ask in which year it is cost-effective to pay off the 500 thousand mortgage? Let me give you a brief introduction today.
Which year is it cost-effective to pay off 500 thousand's mortgage?
First of all, it depends on the type of mortgage. There are three kinds of mortgages: provident fund loans, pure commercial loans and portfolio loans. If it is a provident fund loan, there is no need to repay the loan in advance. The provident fund loan itself is the loan with the lowest interest rate. The total interest of 500,000 loans is several hundred thousand less than that of pure commercial loans, and the repayment is deducted from the balance of the provident fund account. If it is not enough, the money will be deducted from the repayment card.
If a pure commercial loan repays the loan in advance, it should be analyzed from the repayment method and the remaining time of repayment. Pure commercial loans usually have two repayment methods: matching principal and interest and average capital. Different repayment methods have different cost-effective time for repaying loans in advance, as follows:
1, the average capital has a fixed monthly repayment principal, and the interest will decrease month by month as the principal decreases. This repayment method is to repay the loan in advance, preferably before the repayment period 1/3. It is more cost-effective to repay the loan in advance before 10 for a 30-year loan. It is not recommended to repay the loan in advance after 10.
2. The matching of principal and interest means that the repayment amount is the same every month, the proportion of principal is short, and the proportion of interest in the early stage is large. The sooner you repay the loan in this way, the better, but the repayment time should not exceed 5 years, otherwise most of the premise is interest. After five years, there is no need to repay the loan in advance, and the interest is almost paid off.
The above is "How many years is it cost-effective to pay off the 500,000 house loan?" I hope it will help everyone.
Housing loan 500 thousand, average principal or principal and interest? Is it worthwhile to borrow 10 years or 30 years?
Lending 500,000 yuan to buy a house is the average capital or equal principal and interest. First of all, understand the difference between the two and consider your repayment ability in many aspects.
Average capital
During the repayment period, the total loan principal is divided equally, and the loan interest decreases with the decrease of the loan principal, and the interest is basically paid off in the early stage.
Suitable for people who have strong repayment ability in previous years, are considering early repayment, or are older.
If you want to repay the loan in advance, the average capital will be borrowed for 30 years, and it is recommended to repay the loan in the seventh year.
Average capital plus interest
That is, the total principal and interest are divided equally, and the same amount of loans are repaid every month.
Suitable for young people, with the same monthly repayment.
If you have the ability to repay the loan in advance, you can borrow 30 years of equal principal and interest. It is recommended to pay off the loan in the eighth year.
The loan term is 65,438+00 years and the loan term is 30 years. 1. The monthly loan term is relatively long, with a loan of 500,000 yuan, a monthly repayment of about 5,500 yuan and interest of about160,000 yuan. The term of this conditional loan can be considered as 65,438+00 years.
Then the loan is 500,000 yuan for 30 years, with a monthly repayment of about 2,900 yuan and interest of about 540,000 yuan. This month's monthly payment is relatively low, which is suitable for people with less income sources. But the RMB is depreciating, changing every five years. No one can say for sure. 30 years is recommended. After all, the speed of RMB depreciation is visible to the naked eye.
Anhui Shunshi, focus on credit cards!
Choose average capital or equal principal and interest, choose 10 or 30 years, mainly depending on your monthly income.
Generally, when applying for a loan, the loan specialist will come up with a repayment plan, and then make a detailed monthly repayment plan according to the loan amount, repayment method and loan period you choose, which details the different choices and monthly repayment amount.
If it is average capital, the monthly repayment amount will decrease, because there is great pressure to repay in advance in average capital, because the principal accounts for a large proportion of repayment.
But the matching principal and interest are different, and the monthly repayment amount is the same, because the interest was paid in the early stage, so the monthly repayment amount is the same.
Then different loan years correspond to different monthly repayment amounts, and then compare the repayment plan with your monthly income to know which one to choose.
As for which is the most cost-effective, there is no such thing as the most cost-effective, only the most suitable.
Shunshi's personal suggestions are as follows:
As for how to choose, it still depends on your income. Be careful, don't make a decision Otherwise, it will be bad if the mortgage is overdue in the later period.
I hope I can help you!
I don't understand either, but I also bought a house and paid the loan. By the way, if you want to know the real data, please see the explanations and comments of professionals.
I remember what I said when I bought it. I am not a professional, so I speak in plain English. One is to fix how much money to pay back each month, and the other is to pay more at first and less later. (There is also an interest factor. )
Personally, I think it depends on how much money you have left every month (there is another problem here, that is, the number of years. Let's talk about it later. )
If there is more money left, you can use the average capital, which is getting less and less. Compared with the equal principal and interest, the interest will be less. In other words, the total number will be less. But you have to pay more in the early stage.
Matching principal and interest are basically fixed (affecting the annual probability). Relatively speaking, you don't have much money left, which is better. Low monthly supply in the early stage.
As for the number of years, anyway, my understanding is that no matter what the situation, I will choose the one with the most years. I have lived for more than 30 years, and the money 30 years ago can't compare with the money now.
There is also prepayment. I have read some related contents, saying that it is not suitable to repay in advance after a certain number of years, because you have basically paid off the interest.
Anyway, I don't intend to repay in advance, mainly because I have no ability. Besides, I finally got a loan, so you can use it. No matter what the house looks like in the future, at least there is a place to live.
How many years is the mortgage loan more cost-effective?
According to the national mortgage policy, the longest loan period is not more than 30 years, and the loan period plus the borrower's age is not more than 70.
Young type
Young people here refer to young people who are not married or just married.
For young people with average or weak repayment ability, it is suggested that the loan term 15-20 years is the most suitable.
Young people with strong repayment ability are advised to pay off their mortgage within 5- 10 years. Although it may be difficult in the early stage, once they have a mature job and a stable career, the burden on individuals or families will be much smaller.
Second, mature type.
Mature borrowers generally refer to people who are about to enter middle age or are in middle age or slightly past middle age.
This kind of people usually get married and have a stable job development.
For mature borrowers with average or weak repayment ability, it is suggested that the loan term is 20-30 years.
Note that the age plus loan period shall not exceed 70 years. For mature borrowers with strong repayment ability, the suggested term is 15-20 years.
Now you can choose the scope of the loan term according to your own situation. How many years is the mortgage cost-effective? For more details, please consult the bank or related professionals.
Mortgage, also known as house mortgage. 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 loans
Personal housing loan refers to the loan issued by the bank to the 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
Entrusted loans for individual housing refer to loans issued by banks to individuals who purchase ordinary housing according to regulations, and the source of funds is housing provident fund deposits. Also known as provident fund loans.
Self-operated loan
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.
Consortium lending
Personal housing portfolio loan refers to a loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. 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.
The best life with 500 thousand mortgage
The best life of mortgage is generally around 20 years, and the actual life depends on personal economic situation. The term of mortgage loan does not stipulate the minimum number of years that must be borrowed. The mortgage period is determined according to the economic strength of the applicant. For people with strong economic strength, the mortgage period will be very short, and they may even buy a house in full. With average economic strength, the term of mortgage is generally around 20 years.
Personal housing loan refers to the loan issued by the lender to the borrower for the purchase of ordinary housing for personal use. Personal housing loan business is one of the main asset businesses of commercial banks. Refers to the loan issued by a commercial bank to a borrower for the first time to purchase a house (that is, a house sold to an individual after development and construction by a real estate developer or other qualified development subject).
Personal housing loans mainly have the following three loan forms:
(1) The full name of personal housing entrusted loan is personal housing guarantee entrusted loan, which refers to the personal housing loan entrusted by the housing fund management center to commercial banks by using the housing provident fund. Housing provident fund loan is a policy personal housing loan, on the one hand, the interest rate is low; On the other hand, it mainly provides such loans to low-and middle-income workers who pay the provident fund. However, because the interest difference between housing provident fund loans and commercial loans is above 1%, both investors and ordinary people who buy houses and live in their own homes are more inclined to choose housing provident fund loans to buy houses.
(2) 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, personal housing secured loans.
(3) Personal housing portfolio loan refers to the loan issued to the same borrower with housing provident fund deposits and credit funds for the purchase of self-occupied ordinary housing, which is a combination of personal housing entrusted loans and self-operated loans. In addition, there are housing savings loans and mortgage loans.
Potential borrower
The loan object should be a natural person with full capacity for civil conduct. The borrower shall meet the following conditions:
1. Have permanent residence or valid residence status in cities and towns;
Two, a stable occupation and income, good credit, the ability to repay the loan principal and interest;
Three, with the purchase of housing contracts or agreements;
Four, do not enjoy the purchase subsidy to not less than 30% of the total price of the purchased house as the down payment; 30% of individuals who enjoy housing subsidies are down payment for housing purchases;
Five, there are assets recognized by the lender as collateral or pledge, or units or individuals with sufficient compensation capacity as guarantors;
6. Other conditions stipulated by the lender.
I want to buy a house now, with an interest rate of 5.88 and a loan of 500,000 yuan. Is 30 years or 20 years appropriate?
Let me answer you. I hope you can understand what I said.
1_ If you don't experience much pressure, consider me as a person. I will try to borrow as little as possible. If the pressure is high. Just borrow a suitable number of years. There is no way to borrow it for 30 years.
2_ Don't blindly listen to others. The longer the loan time, the better. Specific analysis of specific things.
3_ Under what circumstances, the longer the loan time, the better. That is, the provident fund is sufficient. You can borrow it for 30 years without any brain damage. And now the interest rate of provident fund loans is around 3.7. The interest is much lower.
4_ Let me say that the landlord's interest rate is 5.8. Naked writing is a commercial loan. One hundred thousand dollars, that is, 5800 a year's interest. If you are not in the enterprise, or the monthly provident fund is not enough, I suggest 20 years.
5_ Finally, some people always say what the price will be in 20 or 30 years, when the money is worthless. Yes, that's true. But please recognize the reality. Do you think banks will suffer if you do business with them? He doesn't do charity. Every bank has its own actuary. Not a bank. So my opinion is. 20 years, not 30 years.
I personally suggest 30 years. First, if you have limited funds, you can't put all your money on the house. Suppose you have children, you need to support your wife, you need to be filial to your parents, and you need to see a doctor when you are sick. It's all about money. You can't buy a second house that is too expensive. Only when the funds reach a certain standard can we change to a better house. For you, the pressure will be less, and there is still money left to buy a car, which is convenient for travel. Then a house can be sold second-hand five years later. Thirty years is just a transitional period. In fact, you can gradually improve your living environment and let you have everything. You can also buy a shop with the money you earn. This shop is a profitable investment, you can rent it!
In fact, this question still depends on your current situation. You should be prepared for down payment, decoration, furniture, household appliances and so on, including deed tax, decoration deposit, maintenance fund and so on. The rest can be loaned 500,000 yuan. If your monthly income guarantees your basic life, you have to pay for it for 20 years! Give you a picture for reference.
The accumulated interest is more than 350,000 yuan, and the monthly payment is 3,547.63 yuan. Does this month's payment put pressure on you? First of all, protect your life. A person's monthly payment had better not exceed half of his total income!
The picture below shows the loan for 30 years!
The accumulated interest is more than 560,000, and the monthly supply is less than 3,000!
You decide according to your own situation! But I have my own opinion for your reference! If you are under a little pressure to pay for 20 years, I suggest you do it for 30 years. Why? Because our wage income has been rising, and your loan is basically unchanged, but excluding the interest rate factor, the most important thing is that you should find that your income has increased now, but prices have been rising, and the RMB is also depreciating in disguise. Maybe 30 years later, 1000 yuan can only buy one catty of pork, and your house will pay 3,000 yuan a month, which is the price of three catties of pork. The longer you live, the better for you!
This is my personal analysis, please forgive me if it is wrong!
I just recommend you to borrow for 20 years, saying that the longer the loan, the better, because you think you are good at math. That is more than ten years, and the base of 500,000 is not much. Why do you have so much money? Money is not money when it depreciates. Do you have to buy food in sacks in the future? I think you are the so-called speculators, and the currency will be more stable. Why do you want to pay back this more than 200 thousand? Do you think you will get a promotion, a raise or win the lottery, or inherit socialism, or suddenly go gold digging? As for hundreds of thousands a month, the interest is already high, and 20 years is enough. The insurance seller also told you to buy it, otherwise you will have no money if you get sick tomorrow, but you are not a hundred years old. Don't be blind every day, just be safe, just 20 years, or change banks and don't do 5.88, which is too high.
Whether the mortgage is 30 years or 20 years depends on your personal economic strength and attitude towards life.
Because the mortgage is 30 years, the monthly repayment will be less, so you can leave more money for your life, such as going out for a trip and improving your quality of life. But a 30-year mortgage will generate more interest than a 20-year mortgage.
Mortgage for 20 years, with more monthly repayment, may be more difficult economically. But the interest paid to the bank is less.
Under the premise of not affecting the quality of life, the sooner the better. You need to choose according to your own situation.
Borrow as much as you can, borrow for 30 years, but not for 29 years. I just borrowed 640,000 yuan for 30 years, with an interest rate of 5.88. On average, I have to pay back more than 6.5438+0.2 million yuan per capital, and I have to pay back 3,787.89 yuan per month.
The loan term is determined according to my economic situation. My loan term is 20 17 years 5.88. I want to borrow 580 thousand, 30 years, and the bank approved it for 26 years. After careful consideration, I decided to lower the interest rate in the average capital, 4700 yuan in the first month, and then reduce the 9 yuan every month. When I have enough money, I can always submit an application to repay the loan in advance, with a minimum of 50 thousand each time.
Just got a 600,000 mortgage. I don't know exactly how to calculate it. That's what the bank told me anyway. After 30 years, the loan is almost 3,800 yuan a month, and after 20 years, it is more than 4,500 yuan a month. I feel that the difference of 700 yuan a month can be deducted anywhere. Ordinary people will not repay the interest on this mortgage in advance. Unless there are other uses, people who are short of 700 yuan a month and have paid their loans for at least ten years will know how to choose.
Don't be afraid to be a house slave! In fact, no matter how long the loan period is, the real repayment period pressure is only 10 years.
Fangtianxia Qinhuangdao bargain price room
14 hours ago
In the past 30 years, real estate has been an independent industry. As a new industry, it is normal to develop rapidly in the early stage.
In the continuous development of real estate, all relevant supporting policies and soil conducive to real estate development have been cultivated. We should not only see the rise of housing prices, but also see the speed and trend of the development of this industry!
For example, housing prices are first of all monetary phenomena, and the central bank decides housing prices, not developers!
For another example, for a city or region, it is not GDP that determines housing prices, but the total amount of funds absorbed and the increased population that determines housing prices.
Today, I also want to say: In China, although the mortgage time you set when buying a house is different, it may be 20 years, 25 years or 30 years, but the mortgage time you are really under pressure is only 10 year!
Commercial housing mortgage loan service began in China in 1990s, but appeared in different cities at different times.
Short story of buying a house by loan 1
In 2002, a lady named Wang Xin bought a three-bedroom apartment in a residential area of North Second Ring Road.
At that time, the house was worth more than 300,000 yuan. My parents and I made a down payment of about 200,000 yuan, and then borrowed more than 65,438+10,000 yuan from the bank. A loan is 654.38+00 years.
At that time, the monthly repayment was about 1000 yuan, accounting for more than half of Wang Xin's monthly salary. Wang Xin just wants to "come back soon".
By 20 12, the value of this house has now risen to more than 5 million, and the monthly rent can reach more than 8,000 yuan.
Short story of buying a house with a loan II
In May of 200 1 year, Yan Jie bought her first suite in Beijing.
According to her memory, at that time, she borrowed 340,000 provident fund, and the monthly repayment was between 2 100 and 2,200 yuan for 20 years.
Seeing that the house was easy to rent, Yan Jie decided to buy another suite. "But I don't want to borrow any more, so I chose a small apartment with full payment. Looking at my sister holding the rent, Yan Jie's younger brother regretted repaying the loan in advance. " Might as well buy a suite. "
In fact, neither of them was the earliest mortgage lender. The mortgage loan at that time really caused great trouble and pressure to the buyers, but 10 years later, money is nothing. This is especially true if it is 20 years later.
Why is this happening? The reason is simple: the currency is depreciating and your income is rising.
According to the gap between the current M2 growth rate (the speed of issuing money) and GDP growth rate (the speed of creating wealth), the purchasing power of RMB will depreciate by 6-7% and 100 yuan every year, and will depreciate to 48 yuan, 23.4 yuan and 165438+ after 20 years and 30 years respectively.
Based on this calculation, if you buy a house, mortgage it for 30 years, and make a monthly repayment of 654.38+00000 yuan, then your actual monthly repayment after 654.38+00 years is only half of the mortgage time, that is, 4800 yuan per month.
It can be seen that for the vast majority of normal families, the mortgage term that is really stressful when buying a house is only the first 10 years, and the next few years will be very easy.
10 18 reading
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I'm in the same situation as you, 520 thousand. I haven't gone through the formalities yet, and I'm still thinking about how many years, not 20 years. I'm thinking about 25 or 30 years, equal principal and interest or average capital. Don't say money is worthless in the future. If it doesn't affect your life, you can save some money by paying less interest. Unless there are other high-return financial management, such as lending to others 10 million, I am too lazy to pay more down payment.
How many years will it take to repay the 500,000 loan?
Ten years.
In the average capital, the monthly repayment principal is fixed, and the interest will decrease month by month with the decrease of the principal. This repayment method is to repay the loan in advance, preferably before the repayment period 1/3. For a 30-year loan, it is more cost-effective to prepay in the first 10 year, and it is not recommended to prepay after the repayment time 10 year.
Matching principal and interest means that the repayment amount is the same every month, the proportion of principal is short, and the proportion of interest in the early stage is large. The sooner you repay the loan in this way, the better, but the repayment time should not exceed 5 years, otherwise most of the premise is interest. After five years, there is no need to repay the loan in advance, and the interest is almost paid off.