how much is the mortgage interest?
1. The interest of mortgage is usually closely related to the interest rate of bank loans. According to the relevant regulations of the state, our loan period is less than one year, and its loan interest rate is 4.35%; If our loan term is 1-5 years, then the interest rate of mortgage is 4.75%; If the term of our loan is more than 5 years, the interest rate is 4.9%. You can also choose provident fund loans to buy a house, and its interest rate is usually lower than that of commercial loans. The term of the provident fund loan is less than 5 years, and its interest rate is 2.75%; The loan term is more than 5 years, and its interest rate is 3.25%.
2. Usually, the mortgage interest rate of the bank will be raised or lowered according to the basic interest rate. Because of the influence of the property market regulation policy, the mortgage interest rates of banks all over the country have been raised. According to the statistics of relevant institutions, the average interest rate of the first suite in China reached 5.69% in August, including 5.16% in Shanghai, 5.39% in Xiamen and 5.47% in Beijing. The average interest rate in Guangzhou is 5.55% and so on.
3. According to the statistics of relevant institutions, the interest rates of most banks in China have risen by 15-2%. Among them, 128 banks' interest rates rose by 2%, and 28 banks' interest rates rose by 3%. Agricultural Bank of China, Bank of Communications, and China Construction Bank have raised the interest rate of the first suite by 15%, and the interest rate of the second suite by 2%. The interest rates of ICBC and Postal Bank for the first and second suites have risen by 2%.
4. At present, there are two repayment methods of mortgage: matching principal and interest and average capital. Interest = principal × actual days× daily interest rate or total interest = monthly repayment amount × loan months-principal. If we borrow 1 million yuan, the loan term is 2 years, and the interest rate is 5.47%, and choose the repayment method of equal principal and interest, then the interest we need to repay is 646,865.6 yuan. Average capital's repayment interest is 549,278.73 yuan.
how to calculate the mortgage interest?
1. The interest rate conversion formula for RMB business is (note: general deposit and loan): 1. Daily interest rate = annual interest rate ÷36= monthly interest rate) ÷3; 2. Monthly interest rate = annual interest rate ÷12;
2. Banks can calculate interest by using the product interest method and the transaction interest method.
the product interest method accumulates the account balance daily according to the actual number of days, and calculates the interest by multiplying the accumulated product by the daily interest rate. The interest-bearing formula is: interest = cumulative interest-bearing product × daily interest rate, where cumulative interest-bearing product = total daily balance.
the interest calculation method calculates interest one by one according to the predetermined interest calculation formula: interest = principal × interest rate × loan term. Specifically, there are three methods: if the interest calculation period is a whole year (month), the interest calculation formula is: interest = principal × years (months) × years (months) interest rate; If the interest-bearing period has a whole year (month) and a fraction of days, the interest-bearing formula is: interest = principal × number of years (month) × annual (month) interest rate+principal × fraction of days × daily interest rate; At the same time, the bank can choose to convert the interest-bearing period into actual days to calculate interest, that is, 365 days per year (366 days in leap year), and each month is the actual number of days in the Gregorian calendar of the month. The interest-bearing formula is: interest = principal × actual days × daily interest rate;