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# How to calculate the equal principal and interest of housing loan? Difference between equal principa

​&# 8203;&# 8203;&# 8203;&# 8203;&# 8203;&# 8203; Now buying a house has caused great pressure to many people. In order to solve everyone's problem of buying a house, the state has launched corresponding loan measures to help people solve the problem of buying a house. Now the loan purchase has become the main way for people to buy a house, because many people do not have the ability to buy a house with full money at one time. So how to repay the bank loan after buying a house? How to calculate the equal principal and interest of housing loan? What is the difference between the equal principal and interest of housing loan and the equal principal of housing loan? This article brings you an introduction to the equal principal and interest of housing loans. Let's have a look.

​&# 8203;&# 8203;&# 8203;&# 8203;&# 8203;&# 8203; How to calculate the equal principal and interest of housing loan

1. Calculation formula of equal principal and interest: [loan principal & times; Monthly interest rate & times; (1 + monthly interest rate) ＾ number of repayment months] & pile; [ (1 + monthly interest rate) ＾ number of repayment months - 1].

2. Equal principal and interest repayment method: monthly interest rate = annual interest rate & pide; 12＝0．0665&pide; 12＝0．005541667； Monthly repayment principal and interest = [10000 & times; 0．005541667× （1＋0．005541667）＾120〕&pide;〔 (1 + 0.005541667) ＾ 120 － 1] = 114.3127 yuan; The total repayment is 13717.52 yuan; The total interest is 37.1752 million yuan.

Difference between equal principal and interest of housing loan and equal principal of housing loan

Different repayment methods.

1. Equal principal refers to the repayment method of a loan. It is to divide the total amount of the loan equally during the repayment period, repay the same amount of principal and the interest generated by the remaining loan every month. In this way, because the monthly repayment principal amount is fixed and the interest is less and less, the lender has great repayment pressure at first, but the monthly repayment is less and less over time. The total expenditure of this repayment mode may be reduced relative to the equal principal and interest, but the repayment pressure is large at the beginning. If used for housing loans, this method is more suitable for people who are at the peak of their work or who are about to retire.

2. Characteristics of the equal principal and interest repayment method: compared with the equal principal repayment method, the disadvantage is that more interest is paid. The interest at the initial stage of repayment accounts for most of the monthly contributions, and the proportion of principal in the contributions increases with the gradual return of principal. However, the monthly repayment amount of this method is fixed, which can control the expenditure of family income in a planned way, and it is also convenient for each family to determine the repayment ability according to their own income. Characteristics of equal principal repayment method: as the monthly repayment principal amount is fixed and the interest is less and less, the lender has great repayment pressure at first, but the monthly repayment number is less and less over time.

How to calculate the equal principal and interest of housing loan? What is the difference between equal principal and interest of housing loan and equal principal of housing loan? That's the answer. For the equal principal and interest of housing loans and the equal principal of housing loans, many buyers will choose the latter, because the latter has a lower intention, but the disadvantage is that its early repayment burden is heavier and the interest rate risk is higher than the former. Therefore, buyers need to consider carefully when choosing the repayment method.