The mortgage loan interest rate refers to the relevant amount of the mortgage loan.
A mortgage loan is a personal housing loan business in which a home buyer provides a phased guarantee for a real estate company that is mortgaged by the purchased home and purchased by the house.
Calculation formula for mortgage monthly payment: A=P{i(1+i)n/[(1+i)n-1]}
A: Monthly contribution P: Total amount of contribution i: Monthly interest rate (annual profit / 12) n: Total number of contributions (year × 12)
For example: the purchase of a house of 500,000 yuan, the first three transactions of 150,000. For 350,000 yuan 20 years, assuming (note that according to the actual interest rate of each bank) annual interest rate I = 5.4%, (i = 5.4% / 12 = 0.45%) Monthly contribution A=350000×{0.45%(1+0.45%)240/[(1+0.45%)240-1]}=2388 yuan.
Housing loan amount: 350000 yuan.
Time limit: 20 years.
Monthly payment: 2388 yuan.
Click “Calculate” to output the result.
Annual interest rate: 2.47%.
Interest amount: 223120.00 yuan.
Total repayment: 573120 yuan.
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