How much is the down payment and monthly payment of 1.2 million house?

Suppose the buyer buys a new house for the first time, the first loan, and the commercial loan.

The minimum down payment is 30%, then the down payment is 120*30%=360,000, and 840,000 can be borrowed. The loan is 840,000 yuan, which will be repaid in 30 years, according to the benchmark interest rate of commercial loans.

Equal repayment of principal and interest.

way, monthly payment.

yuan, the total interest for 30 years is yuan.

According to the repayment method, it is divided into two types: equal principal and interest repayment and equal principal repayment, and buyers should choose the loan method and repayment method that suits them according to their own situation.

The process of buying a home loan.

1. Check the qualifications for buying a house: Nowadays, real estate transactions are becoming more and more standardized, and the impact of real estate policies on real estate transactions is very large.

2. Do a good job of buying a budget: After determining that you have the qualifications to buy a house in the local area, you can start planning to buy a house, and the first thing buyers need to do is to buy a budget. If you choose to take out a loan to buy a house, you need to prepare a down payment and a deposit for the purchase of the house.

In calculating the down payment and deposit.

Before, you should have thought about what kind of house you want to buy, and you should have a good idea of the down payment you need to take out a loan to buy a house.

3. Look at the house and choose the house: After the budget for buying a house is done, the buyer can go to the real estate he likes to see the house and choose the house. The requirements of each real estate project are different when selling the house, and the buyer should pay attention to the sales staff to understand whether the real estate supports the bank mortgage to buy a house.

4. Pay the deposit for the purchase of the house: If the buyer has already selected the house and confirmed that the other contents of the house are correct, the deposit can be paid. The deposit is legally valid, if the contract is violated, the buyer will not get the deposit back, and the developer will need to return the deposit twice if the contract is violated, but the purchase deposit is not mandatory, and the buyer can also choose not to pay.

5. Sign the purchase contract.

The importance of the purchase contract is believed to be clear to everyone, the content of the purchase contract generally includes the area of the house, the unit price, the total price, the building, the floor, the unit and the household number, etc., these contents of the buyer must be carefully read.

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.

If you want to make a down payment of 30%, it is 360,000. The down payment is the minimum proportion of the first payment made in proportion to the state when buying a house, of course, the payment can be higher than this amount, but it cannot be lower than it, and the rest is borrowed from the bank. With effect from 1 June 2006, the down payment ratio of individual housing mortgage loans shall not be less than 30%.

In 2013, the requirement was that the down payment for the first home was 30% of the total price and the down payment for the second home was 60% of the total price. Because considering the repayment risk of the loan, the relevant departments will require the buyer to provide a part of the down payment, that is, a part of the house payment by the individual in advance to prove that you have the ability to repay.

On March 25, 2016, Shanghai promulgated the "Several Opinions on Further Improving the Housing Market System and Security System in Shanghai to Promote the Stable and Healthy Development of the Real Estate Market", which clarified that for households with one house, if they apply for a commercial personal housing loan to purchase an ordinary self-owned house in order to improve their living conditions, the down payment ratio shall not be less than 50%; For the purchase of non-ordinary owner-occupied housing, the down payment ratio shall not be less than 70%.

National Policy:

In the notice of the General Office, the Ministry of Construction and other departments on the opinions on adjusting the structure of housing and stabilizing housing, in order to curb the excessively rapid housing prices, from June 1, 2006, the down payment ratio of individual housing mortgage loans shall not be less than 30%.

Taking into account the housing needs of low- and middle-income people, the down payment ratio of 20% is still implemented for the purchase of owner-occupied housing with a floor area of less than 90 square meters.

The above content reference: Encyclopedia - down payment.

The down payment ratio for a $1.2 million house may be 40% or 30%. If calculated according to the regular down payment ratio, a 30% down payment is about 360,000 yuan, so the loan amount is 840,000 yuan.

If we want to calculate the monthly payment, we have to calculate it according to the term of the loan and the time of repayment. For example, according to the current 30-year repayment ratio, adding up all the loans and interest, and dividing them into 360 months equally, then the amount you need to repay the bank every month is about 5,337 yuan.

Down payment ratio

In 2013, the requirement was that the down payment for the first home was 30% of the total price and the down payment for the second home was 60% of the total price. Because considering the repayment risk of the loan, the relevant departments will require the buyer to provide a part of the down payment, that is, to pay a part of the house payment by the individual in advance to prove the ability to repay.

On March 25, 2016, Shanghai promulgated the "Several Opinions on Further Improving the Housing Market System and Security System in Shanghai to Promote the Stable and Healthy Development of the Real Estate Market", which clarified that for households with one house, if they apply for a commercial personal housing loan to purchase an ordinary self-owned house in order to improve their living conditions, the down payment ratio shall not be less than 50%; For the purchase of non-ordinary owner-occupied housing, the down payment ratio shall not be less than 70%.

The above content reference: Encyclopedia - down payment.

1.7 million house, down payment of 500,000, how much is the monthly payment,

Detectives can pick up a new car home for a few thousand yuan after buying a car.

In general, the first home.

The down payment is generally about 3 percent, which means that the down payment for a house of 1.2 million is at least 400,000. If the current 30-year repayment ratio is calculated, all the loans and interest are added up and divided into 360 months equally, then the monthly payment per month is about 5,337 yuan. Of course, the specific calculation is subject to the bank's calculation.

According to the data, a mortgage loan means that the property purchased by an individual has a house ownership certificate.

When you can trade a housing or commercial property in the market, you pay a certain percentage of the down payment yourself, and the rest is used as collateral for the property you want to buy, and apply for a loan from a cooperative institution.

Extended Information: Eligibility for a Home Loan:

Buying a house is a large consumption, so many people will choose to apply for a home loan when buying a house.

1. Application conditions for housing loans.

1.Applicants need to have a legal residence status and have a permanent residence or residence status certificate for urban residents, so it is best to buy a house where your household registration is located.

Or now live in a house in the city.

2.You must be at least 18 years old.

3.Applicants must have a legal and regular job occupation and a stable income** so that the lender can ensure that you have the ability to repay the principal and interest of the loan on time.

4.You need to have signed a "House Sale and Purchase Agreement" and have paid the down payment ratio stipulated by the bank.

5.The applicant should have good credit.

2. Application materials for housing loans.

1.Applicants should prepare their own proof of identity, that is, a valid identity document;

2.You must prepare your own proof of residence, such as a household registration book or a valid residence certificate;

3.Be prepared with proof of your employment.

and proof of income;

4.Prepare your own "Housing Sales Contract" and related documents;

5.Have proof of your marital status ready.

If you are married, you need to bring a marriage certificate.

If you are unmarried or divorced, you need to prepare a single certificate.

Down payment for buying a house: Depending on the type of house you are buying and the loan you are applying for, the down payment is different

1. Buy a down payment for your first home**.

If you are buying your first home and applying for a provident fund loan, the down payment** for your first home will be divided according to the size of the house: the down payment for the first home below 90 square meters (inclusive) is generally not less than 20; The down payment for the first home of more than 90 square meters is generally not less than 30.

If you are applying for a business loan.

And if the first house is a new house, the down payment is generally 3% of the total price of the house. If the first home is a second-hand house, the down payment will generally be 3% of the loan appraisal price.

2. Buy a second house down payment**.

If you are buying a second home and applying for a CPF loan, the down payment for the second home should generally not be less than 50. However, it should be noted that only when the area of the first house is less than 120 square meters (inclusive) can you apply for a housing provident fund loan.

Purchase of a second home.

If you apply for a commercial loan, the down payment for the second house is generally about 6% of the total price of the house.

Of course, there may be differences in loan policies and housing purchase policies in different places, so please refer to the local official information.

Assuming the loan term is 30 years and the interest rate is 4%, then the monthly payment is calculated as follows:

Monthly Instalment = (Loan Amount Monthly Interest Rate) (1 - 1 + Monthly Interest Rate) to the power of the debt term).

First, calculate the loan amount: loan amount = 1.2 million - 400,000 = 800,000.

Then calculate the monthly interest rate: monthly interest rate = annual interest rate 12 months = 4% 12 =

Next, calculate the monthly payment:

Monthly payment = (800,000 (1 - 1 + (30 12) power) 3,804 yuan.

China Merchants Bank homepage: After logging in to the homepage of OneNet, select [Financial Instruments - Personal Loan Calculator] in the middle of the page to try to calculate the monthly loan payment.

The down payment of 1.2 million yuan for a house is about 500,000 yuan!

This depends on whether the lender is a first or second home, and the proportion of the down payment is different.

The amount of down payment should be negotiated with the sales office, and the loan is also stressful for multiple monthly payments.

Generally speaking, the down payment is 30%, so if you say a house of 1.2 million, it should be about 360,000 yuan, and then about 7,000 yuan per month.

How much is the down payment of 1.2 million yuan for a house, and how much is the monthly payment, which is determined according to the ** per square meter of your local purchase, and the situation is different in each place and each place.

Hello dear, if it is the first time to buy a house, the first loan, the commercial loan, the minimum down payment is 30%, then the down payment is 120 * 30% = 360,000, and you can borrow 840,000. The loan is 840,000 yuan, which will be repaid in 30 years, according to the benchmark interest rate of commercial loans, equal principal and interest repayment, monthly payment, and the total interest for 30 years is yuan. If you feel that the interest is too much, you can increase the down payment, reduce the loan amount, and repay the loan in advance after a year, so that the interest can be less.

You can also use the equal principal repayment method, which can save some interest compared with the principal and interest method, but the monthly payment in the early stage is higher.

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

1. How much is the monthly payment for a house of 1.2 million?

The monthly payment of 1.2 million houses depends on the way of the loan and the term of the loan, if it is a commercial loan, the down payment is not less than 30%, that is, 360,000, the amount is 840,000, and it will be settled in 30 years, according to the benchmark interest rate of the commercial loan, equal principal and interest repayment, the monthly payment is yuan, and the total interest for 30 years is yuan.

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

1. Down payment installment: In order to attract customers, some developers will launch down payment installment activities. The down payment installment means that the buyer pays part of the down payment according to a certain percentage, signs the loan contract at the same time, and then makes up the remaining down payment within the specified time agreed in the contract.

The down payment advanced by the developer is interest-free, and the buyer only needs to sign a relevant contract with the developer, agreeing on the installment repayment time and the relevant liability for breach of contract.

2. Apply for a credit loan reasonably: Applying for a credit line is also a good way to make a down payment. If you have a stable job and good credit, you may wish to apply for a line of credit to cover the shortfall in your down payment.

With the development of the financial industry, the credit loan business of banks is getting better and better, and the difficulty of applying has become much smaller.

3. Use collateral for mortgages: If you have other fixed assets, you may wish to obtain a loan by mortgaging your other fixed assets, and then use the loan to pay the down payment for the house. However, it should be noted that you should not borrow too much of a loan to prevent the house from applying for mortgage repayment due to excessive debt.

4. Borrowing money from relatives and friends, buying a house is a major life event, and if relatives and friends are willing to support it, it is the best thing. Of course, everyone should also pay attention to borrowing money from relatives and friends, you must reasonably measure the financial affordability of the other party, sign a formal loan receipt, and repay the loan on time. In this way, there will be no emotional damage between relatives and friends due to financial reasons.

Summary: The above is all the content introduced about the monthly payment of 1.2 million for your reference, hoping to help friends in need. I think you also know something after reading it!

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