How much is the down payment for a house of 400,000 yuan, and how much is the monthly payment

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, and the trial calculation results are for reference only.

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

China Merchants Bank Homepage: Home MiddleFinancial Instruments - Personal Loan Calculator.

Enter information such as the loan amount, annual interest rate, loan term, and repayment method selected, and try to calculate the monthly loan payment amount and interest.

Related to the implementation interest rate, repayment method, and repayment period, the monthly interest rate of the current general annual interest rate of more than five years is, the down payment is generally 30%: 400000*, and the loan is 70%: 400000*, and the repayment of equal principal and interest (the same monthly repayment amount) is calculated for 30 years (360 months).

Monthly repayment = 280,000* (1+.)

Total Interest = Description: 360 to the power of 360.

There are three main types of down payment situations for a house with 400,000 yuan:

1. In the case of the first house, the down payment for the purchase of a new house with an area of no more than 90 square meters can be as low as 20%, that is, 80,000, which is the relevant preferential policy of the national real estate policy for the first new house.

2. In the case of a second house, the minimum down payment for the purchase of a property is 50%, which is one of the measures of the national real estate purchase restriction policy.

3. In other cases, the minimum down payment is 30%, that is, 120,000. In addition, the housing price policies of various regions or developers may be different, and the down payment of 400,000 yuan depends on the local policy.

Therefore, when buying a house, it is necessary to know the local real estate policy and know the down payment ratio in order to better plan.

Property down payment ratio: The average price has dropped slightly at around 18,000, and the down payment is 30%. Now the down payment situation can be divided into:

1. In the case of the first house, the down payment for the purchase of a new house with an area of no more than 90 square meters can be at least 20%; 2. In the case of a second home, the minimum down payment for the purchase of a property is 60%; 3. In the case of three suites, the bank that needs the loan can refuse the loan according to the housing price; 4. In other cases, the minimum down payment is 30%.

Hello, the down payment ratio of general urban houses will not be less than 30%, so the down payment of 400,000 houses will not be less than 120,000, unless some special houses, if the purchase is a second house, the down payment ratio will be increased. From the perspective of China's credit policy, the down payment of 400,000 yuan is about 120,000 yuan, the loan amount is about 300,000 yuan, and the average monthly repayment is about 1,600 yuan. The repayment amount will vary according to the repayment method, so choose the same principal.

At the beginning, due to the large amount of principal, the proportion of interest will be larger, and as the number of repayments increases, the interest will become smaller and smaller, which is more suitable for buyers with good economic conditions. For buyers who choose the housing provident fund, it is recommended not to withdraw the provident fund before applying for a loan, and at the same time, when signing the mortgage contract with the bank, it is also necessary to clarify how long the loan will not be able to be repaid in advance.

Choosing a longer loan period as much as possible can ease the pressure of monthly repayments, and some banks are also the first to offer loan term extensions. Hope it helps.

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In addition to the down payment, there are many expenses needed to buy a house, so many people will plan in advance, so how much is the down payment and monthly payment of 400,000 houses? Let's calculate it together!

How much is the down payment and monthly payment for a 400,000 house?

A down payment of 120,000 is required for the first house of 400,000, and 280,000 for a loan. If you choose a commercial loan, the loan principal is 280,000 yuan and the term is 20 years; Choose the equal principal and interest repayment method, and the monthly payment is 2,096 yuan; It is estimated that the principal and interest of the whole period will be 10,000 yuan. If you choose the equal principal repayment method, the monthly payment is 2,695 yuan, and then decreases every month, and the principal and interest of the whole period are expected to be 10,000 yuan.

How to calculate the down payment and monthly payment for the house.

1. Down payment on the house.

Total Housing Payment - Loan Amount = Down Payment for First Home. Contract price (market price) 80% = loan amount. According to the first home implementation criteria are:

The down payment ratio of commercial loans for new houses is 30%, and the down payment ratio of provident fund loans for the first house with an area less than or equal to 90 shall not be less than 20%, and the down payment ratio of housing provident fund loans greater than 90 shall not be less than 30%.

Second, the monthly payment of the house.

1. Equal repayment of principal and interest.

Equal principal and interest repayment at the beginning of the interest is more and less principal, and then the interest payment gradually decreases, and the principal increases, which is more suitable for people with low income and small savings, because the monthly repayment amount is equal to the amount, so the monthly payment is more stressful, and at the same time, it can also ensure the quality of life, which will not be reduced because of the loan. The formula is: Loan principal Monthly interest rate (1 + monthly interest rate) Number of repayment months 1 + monthly interest rate) Number of repayment months -1 ; where the symbol denotes the power.

2. Equal principal repayment.

Equal principal is the repayment of the loan principal in equal monthly instalments, but the monthly interest will decrease month by month; The total repayment interest is less than the equal principal and interest, which is more suitable for people with high income and certain savings. It is calculated as follows: monthly repayment amount = loan principal number of repayment months) + (principal amount - cumulative amount of principal repaid) monthly interest rate.

Equal principal and interest calculation formula: Loan principal Monthly interest rate (1 + monthly interest rate) Number of repayment months 1 + monthly interest rate) Number of repayment months -1 ; where the symbol denotes the power.

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[Calculate how much it will cost you to renovate your home].

The down payment is a process that must go through in buying a house, and the down payment can only be like a bank loan, and the amount of the down payment depends on the nature of the house. So how much is the down payment for a house of 400,000? Let's take a look.

1. How much is the down payment of 400,000 yuan for a house.

If a house of 400,000 yuan belongs to the first house, the down payment is 120,000 yuan, and if the house of 400,000 yuan belongs to the second house, then the minimum down payment is 200,000 yuan. Because according to the relevant national regulations, the down payment ratio of the first house and the second house is not the same, and the down payment of the second house is higher than that of the first house. For example, the down payment for the first home is generally 30% of the total house price, while the down payment for the second home is not less than 50% of the total house price.

2. What should I do if the down payment for buying a house is not enough.

1.Clever use of the housing provident fund.

If the amount of CPF is relatively large, then you can use CPF to apply for CPF. This can save a down payment to a certain extent, and it costs less than raising a down payment.

2.Apply for a payroll loan.

For people with a stable income and establishment, it is possible to apply for a payroll loan. Secondly, this loan can also be used for personal consumption, and at the same time, it can also be used to buy a house, and the term of the loan is generally shorter than 3 years.

3.Valuable** to monetize.

If you buy ** or ** and so on in your daily life, then you can sell these things when you need money urgently. Although you may lose some of your earnings in such a hurry, it is also a good idea to cash in urgently.

4.Those who have insurance can apply for a policy loan.

Secondly, if the buyer has purchased commercial insurance, then the purchased policy can also be used for loans. At present, many insurance companies' policies can be used for loans, but there are certain risks and loan amount restrictions with this method, so you should consult the insurance company before taking out a loan. In this way, it should be noted that if you use the policy loan, you will add a loan to yourself, so you should measure your repayment ability when taking out a loan.

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[Calculate how much it will cost you to renovate your home].

Nowadays, more and more buyers choose to take out a loan to buy a house, and according to the requirements of bank loans, a certain percentage of the down payment is required to apply for a housing loan. So what is the down payment ratio for us to buy a house of 400,000 yuan? Next, I will briefly introduce it to you.

1. According to experts from Qeeka Home, the down payment of 400,000 yuan is related to the down payment ratio stipulated by the local government. Generally, the down payment ratio of the first home and the second-hand house is different in different cities; For example, Shanghai stipulates that the minimum down payment ratio for residents to purchase the first ordinary house is 35%, and the minimum down payment ratio for the second ordinary house is 50%. There will be a difference between the down payment ratio of a provident fund loan and the down payment ratio of a commercial loan, and the minimum down payment ratio is 20% for the purchase of the first home in Shanghai with an area of less than 90 square meters.

2. For example, if we buy our first house and the down payment ratio is 30%, then the down payment ratio for a new house with a total price of 400,000 yuan is 400,000 * 30% = 120,000 yuan. If we are buying a second-hand house, the down payment on the house will be related to the appraisal**, usually the loan amount we can apply for is not more than 70% of the transaction price or appraised price of the house (whichever is lower); That is to say, for a second-hand house of 400,000 yuan, if the appraisal price is 350,000 yuan, then the loan amount is 350,000 * 70% = 10,000 yuan, and the down payment is 400,000 yuan = 10,000 yuan.

3. When you buy a commercial house, you can first understand what the local mortgage policy is. Before applying for a mortgage, you can ask the relevant staff to calculate the down payment and monthly repayment amount of the house. See if the down payment and monthly repayment of the house are within your financial strength.

Summary: About the down payment of 400,000 yuan for the house, I will briefly introduce it to you here. Hopefully, after reading this article, you will have an idea of how to calculate the down payment on a house.

When we buy commercial housing, we should act according to our own economic strength, and try not to choose a house that exceeds the scope of our economic strength, so as not to cause excessive economic pressure on ourselves in the future.

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400,000 houses, down payment of 200,000 yuan, how much is the monthly payment, cost-effective, monthly payment of 2,111 yuan. The down payment is 200,000 yuan, the mortgage is 200,000 yuan, and the monthly payment of equal principal and interest is about 2,111 yuan, and the first month is about 1,954 yuan. Of course, it is also related to the lending institution, loan interest rate, repayment method, etc., according to the central bank's benchmark interest rate, the annual interest rate of commercial loans for more than five years is; The annual interest rate of a provident fund loan of more than five years is, and the monthly payment of a housing loan of 200,000 yuan for 10 years is calculated as follows: commercial loans.

1. The monthly payment of a 200,000 housing loan for 10 years is RMB for equal principal and interest repayment.

2. The first monthly payment of a 200,000 housing loan for 10 years is RMB for the equal principal repayment method, and then decreases month by month.

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If the down payment is 150,000 yuan, it will be divided into 36 installments, and the monthly payment will be about 8,500 yuan.

If you go to a 4S store to buy a new car in installments, you generally need to pay a down payment of 20% or 30%, and some 4S stores can also have zero down payment. To go to the used car market to buy a used car, the minimum requirement is a 30% down payment. Nowadays, many consumers will choose to buy a car in installments, which can allow many young people to enjoy the life of owning a car in advance.

In the past, when there was no way to buy a car in installments, it took a long time for people to save up for a car. Now buying a car in installments, people only need to pay a part of the down payment to drive the car home, and the rest of the money can be paid back slowly. When you go to a 4S store to buy a new car in installments, you will generally be charged GPS fees, production fees, deposits, and other fees.

Consumers need to know ahead of time. There are also some 4S stores that have some requirements for customers who buy cars in installments, such as commercial insurance that needs to be purchased in the store, and decoration that needs to be purchased for thousands of yuan. Friends should be aware of these additional conditions in advance.

When buying a car in installments at a 4S store, there are generally many financial plans, and consumers can choose the financial plan that suits them according to their repayment ability.