Calculation method of Huanghua housing loan in Cangzhou City

Loan principal: 160000 yuan.

Loan term: 10 year (120 months)

Several situations in which the interest rate remains unchanged and the loan is fully paid off:

☆ Calculated by commercial loans with equal principal and interest.

Annual interest rate: 5.5675%(6.55% at 8.5 discount), (4.633333 ‰ monthly interest rate).

Monthly payment: 174 1.78 yuan.

Total interest: 4905438+03.38+0 yuan.

☆ Calculated by commercial loans and average capital.

Annual interest rate: 5.5675%(6.55% at 8.5 discount), (4.633333 ‰ monthly interest rate).

Monthly payment for the first month: 2075.67 yuan.

Decreasing month by month: 6. 19 yuan

Monthly payment at the end of the month: 1339.52 yuan.

Total interest: 449 1 1. 17 yuan.