# 500,000 loans, the same amount of principal is equal to the principal and interest?

Time: 2018-01-12         Source: Rong 360 finishing         Author: Li handsome

The same amount of principal, the overall interest is low, the initial repayment pressure is large; the same amount of principal and interest, the overall interest is higher, the monthly repayment is fixed.

At present, there are two ways for banks to repay their mortgages. Equal principal and equal principal and interest. In order to more intuitively compare the difference between the use of equal principal repayment and the equal amount of principal and interest repayment.

We use a set of data to compare. The total price of the house is 1 million, the down payment is 300,000, the loan is 70,700,000, the mortgage interest rate is 4.9, the loan period is 20 years, and the total repayment is 240 months.

Equal amount of principal and interest monthly repayment amount fixed: monthly repayment: 4581.11 Total repayment: 1099466 Total interest: 399466

The amount of repayment of the same amount of principal is not fixed: the first month repayment 5775, the second month repayment 5763, the 101 month repayment: 45804.3 Calculated to the 240th month, the repayment is 2928.58 Total repayment: 1044429.17 Total interest: 344429.17

In comparison of the two repayment methods, the first 101 months of the repayment method of the equal principal amount is higher than the equivalent principal and interest repayment amount. In theory, the monthly repayment amount is higher than the equivalent principal and interest. However, after 101 months, the monthly repayment amount will be less than the equivalent principal and interest. Moreover, the interest on the equal principal amount is less than 40,000 yuan less than the interest on the principal and interest. On average, 240 months is about 200 yuan.

In general, under the same loan amount. The method of repayment of equal principal and equal principal and interest is not a big gap during the longer repayment period. At the same time, it depends on the personal economic situation of the individual when choosing a loan. If the economic situation is limited, the method of choosing equal principal and interest can appropriately alleviate the monthly repayment pressure. If the economy is in good condition, it is still good to choose the repayment method of the same amount of principal. The first is the less and the less, the later the repayment pressure is smaller. And it can also save a mortgage interest.

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