How much is the monthly payment for a loan of RMB 400,000 for 20 years? In addition to the loan amount and loan period, the loan interest rate and repayment method are also indispensable factors.

1. Mortgage and good loan.

1. Repay the principal and interest in equal amounts. The interest on the loan is 228,266.29 yuan. The total interest rate is 628,266.29 yuan. The monthly repayment limit is 2,617.78 yuan.

2. For equal principal repayments, the loan interest is 196,816.67 yuan, and the total principal and interest is 596,816.67 yuan. The first month’s repayment amount is 3,300 yuan, which decreases by 6.81 yuan every month.

Comparing the above two methods, the equal principal method pays 31,449.62 yuan less than the equal principal and interest method.

2. Provident fund loan.

1. For equal repayments of principal and interest, the loan interest is 144,507.93 yuan, the total principal and interest is 544,507.93 yuan, and the monthly repayment amount is 2,268.78 yuan.

2. For equal principal repayments, the loan interest is 130,541.67 yuan, and the total principal and interest is 530,541.67 yuan. The first month’s repayment amount is 2,750 yuan, which decreases by 4.51 yuan every month.

Comparing the above two methods, the equal principal method pays 13966.26 yuan less than the equal principal and interest method.