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Is it cost-effective to buy a house with a down payment of 30 or 50? How much is the down payment mo

Many people will consider how much the down payment is when buying a house. Now, because the cities and policies are different, the requirements for the down payment are also different. So how much is the down payment for buying a suite also depends on your personal savings and the amount of monthly repayment. Is it cost-effective to pay 30 down or 50 down for a house? How much is the down payment?

How much is the down payment for a house?

1. According to different places, the down payment for buying a house is different. For example, in China's cities, which are more developed, Beijing, Shanghai, Guangzhou, Shenzhen, Chongqing and other big cities are different from some municipalities directly under the central government. In general, the down payment for the first house of 20% - 30% and the down payment for the second house of 50% - 70% in cities is 1.1 times the benchmark interest rate.

2. Generally, the actual mortgage interest rate, mortgage percentage and mortgage life of new houses shall be subject to the approval of the bank (generally, the first set of housing loans, no less than 30% of which is the down payment of ordinary houses, and the benchmark interest rate shall be implemented; the down payment of the second set of housing loans shall not be less than 60%, and the benchmark interest rate shall rise by 10%; the third set of housing is not allowed).

3. At present, when buying a house with a loan, there is a great difference in the calculation of the down payment of the loan when buying a new house and a second-hand house. When handling new house loans, the down payment is based on the market price at the time of purchase as a reference, and the loan proportion is formulated according to the number of personal loans and the credibility of personal loans.

Is it better to buy a house with more down payment or less down payment?

1. If you are in business and often need working capital, I would suggest you pay less. Why do you say that? According to the current annual benchmark interest rate of 4.9%, even if you have a loan of 1 million, the annual interest of the loan is only about 23000 yuan. I believe you have a concept of this capital cost. Before, you could never get such low-cost money outside the housing loan. Therefore, if you often need funds, I suggest that the lower the down payment, the better.

2. If you have spare money, and the funds are generally placed in the bank for interest, and there is no other way to invest, I suggest you take less loans. Because the loan interest and the income of your fixed-term or financial products in the bank are not small. If you have spare money, you don't need to bear the interest. At this time, you can pay more down payment.

The above content is about the cost-effective down payment for buying a house and whether it is better to buy a house with more or less down payment. In conclusion, it is not difficult to see that there is no clear definition of whether to buy a house with more or less down payment. On the premise of meeting the minimum down payment requirements, it depends on your own situation. In principle, more is better than less, unless you have a better financial management channel.