At present, the interest rate of bank loans generally rises by 5%- 10% (the first suite), and it is 7.4025% after rising by 5% according to the benchmark annual interest rate of 7.05%. The loan amount is 256,000 yuan, and the term is 15. There are two repayment methods:
1. Equal principal and interest method: the monthly repayment amount is 2358.99 yuan (the same every month), and the total principal and interest is 4246 yuan18.20 yuan, of which the interest is 1686 18.20 yuan.
2. Average capital method: the monthly repayment amount is different. The repayment amount in the first month is 30,065,438+0.42 yuan (it will be reduced month by month, with a monthly decrease of 8.77 yuan), and the repayment amount in the last month is 65,438+0,436,5438+0.00 yuan, and the total principal and interest is 398,965,438+07.60 yuan, including interest.
Compared with the above two methods, the average capital method is 25,700.60 yuan less than the equal principal and interest method. The specific repayment method can be selected when the bank handles the loan procedures.
The above data are calculated under the assumption that the interest rate will remain unchanged throughout the repayment period.