Lend 300,000 yuan to buy a house, with a loan term of 5 years and an annual interest rate of 6.6%?
Annual interest rate = principal * annual interest rate =300000*6.6%= 19800 yuan.
5-year interest = 5 * 19800 = 99000 = 99000, that is, principal and interest = 30000+99000 = 399000 yuan.
Teacher Shen will pay the bank 399,000 yuan.
5 years ***60 months, the monthly repayment amount remains unchanged,
Monthly repayment = 39.9/60 = 6650 yuan, that is, monthly repayment is 6650 yuan.
Second, the monthly repayment is 5883.438+0 yuan.
The loan amount is RMB 300,000.00 Yuan, the term is 5 years (60 installments), and the repayment method is equal principal and interest, calculated at the benchmark annual interest rate of 6.6% (unchanged):
Monthly payment = [loan principal × monthly interest rate ×( 1+ monthly interest rate) repayment months ]=[( 1+ monthly interest rate) repayment months-1]
Monthly payment = (300,000 * 6.6%/12 * (1+6.6%/12) 60)/((1+6.6%/12) 60-
The interest payable for five years * * * is 5883.91* 60-300000 = 53034.6 yuan.
Extended data:
Matching principal and interest repayment method, also known as regular interest payment method, means that the borrower repays the loan principal and interest in equal amount every month, calculates the monthly loan interest according to the remaining loan principal at the beginning of the month, and settles it every month. Add up the total principal and interest of the mortgage loan and distribute it evenly to each month of the repayment period. As a repayment, he pays a fixed amount to the bank every month, but the proportion of principal in the monthly repayment increases month by month, and the proportion of interest decreases month by month.
References:
Monthly Repayment-China Everbright Bank official website