:There is a big difference between equal principal and interest and equal principal! This is the most cost-effective way to repay the mortgage. If you understand it, you won’t suffer.-PPT information免费ppt模版下载-道格办公
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There is a big difference between equal principal and interest and equal principal! This is the most cost-effective way to repay the mortgage. If you understand it, you won’t suffer.

Author: daogeziyuan • • PPT information • Views 1000

fruit. First of all, let us understand the definition and characteristics of equal principal and interest and equal principal. 1. Equal principal and interest: The monthly repayment amount is fixed, including principal and interest. In the early stages of

Equivalent principal and interestandEqual principal,The difference between the two repayment methods is one word, but they are very different. So here comes the question,How to choose the most affordable repayment method?
For home buyers, the difference between the two methods will produce very different results.
Equivalent principalRepayment can quickly reduce the pressure of repayment and reduce the cost of interest for home buyers The repayment in the early stage is very painful,so more people choose the equal amount Information.

What is the difference between the two repayments?
If loans one million to buy a house, and then plans to pay it off in 20 years, let’s look at a picture first:
On this pictureThe part in redis repayment< strong >Interest, the blue part is repayment principal.
In equal installments of principal and interest In the way of repayment: as the remaining principal of the loan gradually decreases, the proportion of interest gradually decreases.
AndEquivalent principalRepayment method Inside, the monthly repayment of the principal amount remains the same, but the interest gradually decreases, and the monthly repayment amount becomes smaller and smaller.
In the previous 8 years, the repayment amount of the equal amount of principal was more. Therefore, although the interest on the equal amount of principal will be less, in the first 8 years, the repayment pressure on the equal amount of principal is greater, The benefit of less interest is not felt at all.
From this point of view,equal principal and interest In fact, it isexchanging more interest for less repayment pressure. At the same time, for home buyers with less down payment funds, the repayment model of equal principal and interest can also support larger loans.
Where should the equal amount of principal be used

Forinvestment For homebuyers and homebuyers with a higher down payment ratio, the equal amount of principal is actually more cost-effective. On the one hand, investment home buyers hope to pay off their loans quickly to avoid the house's dependence on cash flow. Then, in the case of a short loan period, it is better to pay off the loan quickly and choose equal principal. On the one hand, it can save part of the interest, on the other hand, it can quickly reduce the remaining principal, and when necessary, quickly repay the remaining loan, and then use the house for refinancing.

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equal principal and interest repayment method

One of the most important features of the equal principal and interest method isMonthly repayment The amount is the same,In essence, the proportion of principal increases month by month, the proportion of interest decreases month by month, and the monthly repayment amount remains unchanged. That is, in the distribution ratio of the "principal and interest" of the monthly payment, the proportion of interest repaid in the first half period is large and the proportion of principal is small. After half of the repayment period, it will gradually become a large proportion of principal and small proportion of interest. The calculation formula for:

Monthly debt repayment amount=[ principal x monthly interest rate x (1+monthly interest rate) number of months of loan] / [ (1+monthly interest rate) repayment months - 1]
Monthly interest= < span >remaining principal x loan monthly interest rate
total repayment interest=loan Amount * Loan Months * Monthly Interest Rate * (1+ Monthly Interest Rate) Loan Months / [(1+ Monthly Interest Rate) Repayment Months - 1] - Loan Amount
Total Repayment=Repayment Months*Loan Amount*Monthly Interest Rate*(1+Monthly Interest Rate) Loan Month number/[(1+monthly interest rate) repayment months - 1]
Note:In the equal principal and interest method, the bank Generally receive the interest on the remaining principal first, and then the principal, so the proportion of interest in the monthly payment will decrease with the decrease of the principal, and the proportion of principal in the monthly payment will therefore increase , but the total monthly payment remains the same.
2
Equal principal repayment method

The characteristics of the equal principal method are

strong>The monthly repayment amount is different, showing a state of decreasing month by month;It is the loan principal The repayment amount is divided equally according to the total number of months of repayment, plus the interest on the remaining principal of the previous period, which forms the monthly repayment amount. Therefore, the repayment amount in the first month of the equal principal method is the largest, and then decreases month by month. Still less, the calculation formula is:

Amount of principal and interest repayment per month=(principal/months of repayment)+(principal-accumulated principal repaid )×monthly interest rate
Monthly principal=Total principal/repayment months
Monthly interest = (principal - accumulated principal repaid) × monthly interest
Total repayment interest=(repayment months+1)*loan amount*monthly interest rate/2
span>
Total repayment=(repayment months+1)*loan amount*month Interest Rate/2+Loan Amount
Note:In the equal principal installment method, people always pay the same amount of principal each month , the interest decreases as the remaining principal decreases, so its monthly repayments gradually decrease.
From the above we can see that, under normal circumstances,The total interest paid for equal principal and interest is more than equal principal More money is required, and the longer the loan term, the greater the difference in interest.
Suitable people for equal principal and interest:The monthly repayment amount of equal principal and interest is the same, so it is more suitable to have a normal expenditure plan Families, especially young people, and with age or job promotion, income will increase, and living standards will naturally rise; if such people choose the principal method, the pressure in the early stage will be very high.
The people who are suitable for the equal amount principal:The equal amount principal method is due to the The repayment amount is relatively large, and then decreases month by month, so it is more suitable for borrowers with strong repayment ability some time ago. Of course, some older people are also more suitable for this method, because as they grow older or retire, their income will decrease. may be reduced.
In essence, there is no great difference between the equal principal method and the equal principal and interest method.Most of them are determined according to each person's current situation and needs .
Equivalent principal and interestIt is good for memory, planning and convenient repayment. In fact, the vast majority of people prefer to choose the "equal repayment method", because this method is fixed monthly repayment amount and balances the repayment pressure, and the difference from the equal principal method is not very big. With the growth of time, the use value of funds will be different.
Of course, there are also many people who are relatively affluent and want to make their future life easier and save costs. Choose the equal principal installment method.

Disclaimer:The content is for readers’ reference only, and the accuracy is not guaranteed. Some articles come from the Internet, and the copyright belongs to the original author. If there is any infringement Please inform us of copyright and we will delete it immediately!

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