Different banks choose different loans, and the loan interest will be different. The standards implemented by banks are not exactly the same, but they all fluctuate according to the interest rate standards stipulated by the state.
There are two repayment methods: average principal and equal principal and interest. Different repayment methods will generate different interest.
Different loan options have different interest rates. The common commercial interest rate of mortgage is relatively high, and the interest rate of provident fund loan is relatively low. If you use a credit card, the interest rate will be different.
1, mortgage (commercial loan)
1. Equal principal and interest
Matching principal and interest: the total monthly repayment amount is fixed, in which the principal part increases month by month and the interest part decreases month by month.
Calculation formula of equal principal and interest: monthly repayment amount = principal * monthly interest rate *( 1+ monthly interest rate) * loan months /( 1+ monthly interest rate) * repayment months-1.
Monthly interest rate = annualized interest rate/12
65,438+0,400,000 yuan divided into 30 years. If calculated according to the annual loan interest rate LPR of 4.60%, the total interest is 338,207.89 yuan, the total repayment is 738,207.89 yuan, and the monthly payment is 2,050.58 yuan.
24,000, 30 years. If the annual interest rate of the loan is 4.9%, the total interest is 364,246.48 yuan, the total repayment is 764,246.48 yuan, and the monthly payment is 2122,438+0 yuan.
Second, the average capital
Average capital: the total monthly repayment decreases, in which the principal part is fixed and the interest part decreases month by month.
Average fund calculation formula: monthly repayment amount = (loan principal/repayment months)+(principal-accumulated amount of repaid principal) × monthly interest rate.
Monthly interest rate = annualized interest rate/12
65,438+0,400,000 yuan divided into 30 years. If calculated according to the annual loan interest rate LPR of 4.60%, the total interest is 276,766.67 yuan, and the total repayment is 676,766.67 yuan. Monthly payments are as follows:
No.65438 +0:2644.44 Yuan, No.2: 2640. 19 yuan, No.3: 2635.93 Yuan, No.4: 263 1.67 yuan, No.5: 2627.438+.
........
No.355: 1, 136.67 yuan, No.356: 1, 132.45438+0 yuan, No.357: 1,128.438+.
24,000, 30 years. If the annual interest rate of the loan is 4.9%, the total interest is 294,865,438+06.67 yuan, and the total repayment is 694,865,438+06.67 yuan. Monthly payments are as follows:
No.65438 +0:2744.44 Yuan, No.2: 2739.95438+0 yuan, No.3: 2735.37 Yuan, No.4: 2730.83 Yuan, No.5: 2726.