Total price of the first suite in Guiyang 1.33 million. The provident fund is 500,000 yuan for 30 years and the commercial loan is 270,000 yuan for 56 years. How much is the down payment?
Hello, if the loan principal is 1.33 million and the term is 30 years, the repayment method of equal principal and interest will be adopted according to the benchmark annual interest rate of the People's Bank of China for loans over five years (unchanged), and the monthly payment will be 7058.67; Total repayment: 2541119.54; Total interest:1211119.54; Using the average capital repayment method, the monthly payment is decreasing, such as the first phase: 9125.28; Subsequently, the amount of each installment will decrease in turn:15.09; Total repayment: 2310265.42; Total interest: 980265.42.