Buying a house with a monthly payment of 20 years or 30 years? 30

Being able to borrow for 30 years instead of 20 years, buying a house is the only opportunity for ordinary people to use the leverage of state funds.

Don't look at the 30 years to pay 500 600 more per month, you must know that in 10 years, the real estate has risen more than that;If you have money, you can borrow an extra set, or buy a small apartment for investment, which is more cost-effective.

Rich people can pay for goods without using their own money, and if they can borrow for a long time, they will not take out short-term loans, so as to achieve compound appreciation of wealth, you think about it yourself.

10 years of experience real estate people, haha.

The loan has been for a long time, and now the inflation is so bad, after 30 years, that money will be a small amount of money.

This mainly depends on your personal actual situation, if the income is high, the ability must be 20 years, the shorter the life, the better, the interest is a lot less, now the financial management is not safe, the interest is not high. Of course it's still in good condition. If the economy is limited and you don't let yourself be too stressed, after 30 years, the renminbi is also depreciating, and you can buy a lot of things for a hundred before, but now you can't buy anything.

So choose according to your own situation, and it is possible to pay it back in advance, no one can say.

It mainly depends on your own repayment ability, if you can afford it, it must be better for 20 years, so that the interest on the loan is much less. If the burden is too high and the pressure is too great, then choose the latter. It depends on your own situation.

The monthly payment of the mortgage is related to the type of loan and repayment method, and the interest rate of the loan

1. Commercial loans, benchmark interest rate: equal principal and interest, monthly payment;The same amount of principal, the first month monthly payment is 1,650 yuan, and the subsequent monthly delivery of jujube liquid is reduced by about yuan.

2. Provident fund loan, benchmark interest rate: equal principal and interest, monthly payment;The same amount of principal, the monthly payment is 1375 yuan in the first month, and the monthly payment is about 1375 yuan.

1. Pure provident fund loan.

The bank benchmark interest rate of the pure provident fund loan is 3 25, the loan is 300,000 yuan, and the mortgage period is 20 years, so the total interest of the loan is 108,380 95 yuan, and the monthly payment is 1,701 59 yuan.

2. Portfolio loans.

According to the current real estate market situation, the interest rate of commercial loans over 5 years will generally increase by 10%.

Suppose there are 150,000 commercial funds, 150,000 provident fund, 300,000 loans, 20-year mortgages, 149598 65 yuan total interest and 1873 33 yuan monthly payment.

3. Pure commercial loans.

Based on the current real estate market situation, the interest rate for commercial loans over 5 years10 has been raised. The loan is 300,000 yuan, the mortgage period is 20 years, the interest 190816 is 35 yuan, and the monthly payment is 2045 07 yuan.

It is more cost-effective to choose 20 years to pay off than 30 years, but it still depends on the family income.

Assuming that you need to buy a house of 20,000 yuan per square meter, then a 100-square-meter house will need 2 million yuan. If you make a down payment of 30%, you need to pay 600,000 yuan, and if you take out a loan of 1.4 million, the difference between 20 years and 30 years of monthly payment is as follows:

1. Hypothetical month for 20 years:

The CPF loan is chosen, and it is a repayment method with equal principal and interest. If you take out a loan in this way, you need to repay it every month, and the interest you need to pay for 20 years is yuan.

2. Hypothetical month for 30 years:

The same option is a CPF loan and equal principal and interest repayment. In this case, you need to repay the yuan every month, and the interest you need to pay for 30 years is the yuan.

Through the above data, it can be compared: the monthly payment of 20 years is more than 30 years, and each month is more than yuan; The monthly payment for 30 years will pay more interest than 20 years. Choosing to pay off in 20 years is more cost-effective than 30 years. But if the monthly income is not particularly adequate for the family.

Yes, you don't have much access to investment! Just choose 20 years, you choose more than 30 years of money deposit in the bank is definitely not cost-effective, the deposit interest rate will not be higher than the loan, and the loan is compounded! Pay a lot of interest for 10 years, support you to choose 20 years!

To give you a suggestion, if you are sure that there will be a large amount of money coming in in the future for a period of time, then you may wish to choose 30 years, so that the monthly payment will be relatively small, and it will not affect your quality of life, and the money will be repaid in advance as soon as the money arrives. If the future is ordinary, how much should be per month or how much, then choose 20 years, after all, the interest will be much more if it is long.

At present, the annual interest rate of the loan announced by the People's Bank of China for 5-30 years (including 30 years) is, according to the benchmark interest rate, under the condition that the interest rate remains unchanged, the repayment method of equal principal and interest is adopted, and the monthly repayment amount is RMB, and the repayment amount of the first month is 2475 yuan (for reference only), and the monthly repayment amount decreases month by month.

If you are going to apply for a loan at China Merchants Bank, the loan interest rate needs to be comprehensively priced based on the business type, credit status, guarantee method and other factors you are applying for, and can only be determined after the approval of the outlet.

Calculated according to the benchmark interest rate, monthly payment, interest totaling 10,000 yuan.

If it is the benchmark interest rate, the equal principal and interest repayment method:

Total loan amount: 300000

Loan term: 20

Lending Rate: Monthly Repayment:

Total Principal and Interest: Total Interest:

At present, the annual interest rate of the loan with a term of more than 5 years announced by the People's Bank of China is calculated according to the benchmark interest rate, and the repayment method of "equal principal and interest repayment" is adopted under the condition that the interest rate remains unchanged, with the total interest being RMB and the monthly repayment amount being RMB; The total interest is RMB, and the monthly repayment amount decreases month by month.

Compared with CPF loans, pure commercial loans have to pay much more interest and bear much more monthly payments. According to the current property market, the interest rate of commercial loans of more than five years has risen, the loan is 300,000, the mortgage period is 20 years, and the total interest to be paid is yuan, and the monthly payment is yuan; The above is just a loan calculation that does not take into account personal circumstances, if you really go to the bank for a loan, your personal monthly income will also be taken into account. Banks generally require monthly income to be more than twice the monthly payment.

Of course, for most people who have plans to buy a house, the monthly payment of about 2,000 yuan for a loan of 300,000 yuan for 20 years will not be too stressful. After all, it is generally borne by the whole family, and basically the provident fund is enough.

The amount of the monthly payment of 600,000 yuan for 20 years of provident fund loan is related to the user's repayment method, loan interest rate, etc., and the monthly payment amount is different depending on the method of repayment the user chooses, as follows (calculated according to the benchmark interest rate of the provident fund loan):

1. The equal principal and interest need to be repaid about RMB per month.

2. For the same amount of principal, 4,125 yuan needs to be repaid in the first month, and then it decreases month by month, and the last month needs to be repaid.

Extended Resources:

The definition of housing provident fund includes the following five meanings:

1) Housing provident fund is only established in urban areas, and rural areas do not establish a housing provident fund system.

2) Only in-service employees should establish a housing provident fund system. Urban residents and retired workers who do not have a job are not subject to the housing provident fund system.

3) The housing provident fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's personal contribution is withheld by the unit, it will be deposited into the personal account of the housing provident fund together with the part contributed by the unit.

4) The long-term nature of the housing provident fund contribution. Once the housing provident fund system is established, employees must pay according to the regulations uninterrupted during their employment, and shall not be suspended or interrupted except for the retirement of employees or other circumstances stipulated in the "Regulations on the Administration of Housing Provident Fund". It reflects the stability, unity, standardization and compulsion of the housing provident fund.

5) Housing provident fund is a personal housing fund that is specially used for housing consumption expenditure saved by employees according to regulations, and has two characteristics: accumulation and specialty.

Main nature. Housing provident fund (1) security, the establishment of a housing provident fund system for employees, for employees to solve the housing problem quickly, better to provide a guarantee;

2) Mutual assistance, the establishment of the housing provident fund system can effectively establish and form a mechanism and channel for employees with housing to help employees without housing, and the housing provident fund provides help for employees without housing in terms of funds, reflecting the mutual assistance of the housing provident fund for employees;

3) Long-term, every urban in-service employee must pay personal housing provident fund from the date of joining the work to the retirement or termination of labor relations; The employee's unit shall also pay the housing provident fund for the employee subsidy in accordance with the regulations.

Key features: Housing Provident Fund.

1) Generality, urban in-service workers, regardless of the nature of their work unit, family income, or whether they have a house, must pay into the housing provident fund in accordance with the provisions of the "Regulations";

2) Mandatory (policy), if the unit does not handle the registration of housing provident fund deposit or does not handle the establishment of housing provident fund account for the employees of the unit, the management center of the housing provident fund has the right to order it to be handled within a time limit, and if it is not handled within the time limit, it can be punished in accordance with the relevant provisions of the "Regulations", and can apply to the people's court for compulsory enforcement;

3) Welfare, in addition to the housing provident fund paid by employees, the unit also has to pay a certain amount for employees, and the interest rate of housing provident fund loans is lower than that of commercial loans;

4) Repatriation: If the employee leaves, retires, or completely loses the ability to work and terminates the labor relationship with the unit, moves out of the household registration or settles abroad, etc., the housing provident fund will be returned to the employee.

If you take out a loan through China Merchants Bank, the specific monthly payment also depends on your loan execution interest rate, repayment method, etc., which can be calculated through the official website of China Merchants Bank or mobile banking.

Mobile Banking: Log in to Mobile Banking, click My - All - Assistant - Wealth Calculator - Loan Calculator;

China Merchants Bank Homepage: Home Financial Instruments - Personal Loan Calculator in the middle of the homepage.

Enter the loan amount, loan annual interest rate, loan term, select repayment method, etc., and try to calculate the monthly loan payment and interest.