A loan of 700,000 30 years how much monthly payment

Loan types are different, different channels, the maximum amount, the term is different, if according to the loan channels, the bank loan amount is high, the term is long, but to loan 700,000 term of 30 years, generally only the mortgage can be done; lending institutions the maximum amount of loans will not exceed The most important thing to remember is that you can't be a good person and you can't be a bad person.

Here to mortgage, for example, according to the type of mortgage, combined with the repayment method, to calculate the loan 700,000 30 years of monthly payments.

One, purely commercial loans

There is no maximum ceiling on the loan amount, and to qualify to buy a home can go to the loan, but compared to the CPF loan interest rates are higher.

From October 8, 2019 onwards, the interest rate of newly issued pure commercial loans is floating by about 10% to 20% on the basis of the LPR for the same period, whether it is up or down, which will be determined by the bank based on the combination of local market, policy, and the qualification of the borrower, and then the final interest rate will be converted to the fixed basis points of the bank for the same period of the LPR.

For example, the latest quoted interest rate in the loan market on September 20, 2022, is 3.65% for the 1-year LPR and 4.3% for the 5+ year LPR. Assuming the bank floats 10% on the 5+ year LPR, the loan rate is 4.73%, which translates into pricing on an LPR basis of 4.3%0.33%, and 0.33% is 33 basis points.

Determined the loan rate, the loan amount of 700,000, the term of 30 years, then the choice of equal principal repayment, equal principal and interest repayment, the amount of monthly payments are different. The LPR rate is a floating rate, and the mortgage are 1 year 1 pricing, the interest rate may be different each year, here will only calculate the amount of monthly payments for each month during the 1st year.

1, equal principal repayment, loan interest rate 4.73%

Because it is the loan principal by the total number of months of repayment of the loan is divided equally, plus the interest on the remaining principal from the previous period, which forms the amount of repayment each month. Using a loan calculator, you can figure out that the 1st monthly payment is $4,703.61, decreasing by $7.66 per month from the 2nd month onwards, and repaying to the 12th monthly payment of $4,619.30.

2, equal principal repayment, loan interest rate of 4.73%

Because it is the total amount of the mortgage principal and the total amount of interest, and then spread evenly to each month, that is, each month of the monthly payment is the same, with a loan calculator can be calculated, the first year during the monthly payment of each month are 3643.10 yuan.

Warm tips, commercial loan monthly payment deduction is in the repayment date from the borrower's bank card, if it is *** with the loan, the first from the primary lender bank card deduction, the shortfall and then deducted from the secondary lender's bank card, only all the deduction of the month's total monthly payment, the borrower will not be overdue.

Two, provident fund loans

are priced according to the benchmark interest rate for provident fund loans announced by the central bank, the number of housing units, the loan period is different, the specific interest rate also makes a difference.

Note that the CPF loan interest rate is also a floating rate, taking into account the CPF loan on January 1 each year with reference to the same rate of the previous month to determine the current year's interest rate, the interest rate may be different each year, the same here also only calculate the first year of the monthly payment.

Warm tips, CPF loan repayment first deduction of CPF account balance, not enough and then deducted from the repayment of the bank card, the borrower should always pay attention to the deduction SMS notification. If the balance is insufficient the first deduction failed, be sure to make up for it on the day of repayment.

1, the first mortgage rate

From October 1, 2022, the central bank will be the CPF loan interest rate down by 0.15 percentage points, the interest rate for less than 5 years from 2.75% to 2.6%, the interest rate for more than 5 years from 3.25% to 3.1%, the interest rate of 30 years of home loans is a reference to the interest rate of more than 5 years of CPF loans.

Then equal principal and interest repayment, the first year of the same monthly payment each month, then from the first month to the 12th month each month to repay $2989.11; equal principal repayment, the first monthly payment of $3752.78, each month in turn decreasing by $5.02, the first year of the December monthly payment of $3697.52.

2, the second set of mortgage rates

The second set of mortgage rates have not been lowered, is still the first set of mortgage rates 1.1 times before the cut, that is, less than 5 years interest rate of 3.025%, more than 5 years interest rate of 3.575%. The 30-year mortgage is also a reference to the second suite CPF loan rate for more than 5 years.

Then equal principal and interest repayment, the first year of the same monthly payment each month, then from the first month to the 12th month each month to repay $3,172.69; equal principal repayment, the first monthly payment of $4,029.86, each month in turn decreasing by $5.79, the first year of the monthly payment of $3,966.14 in December.

Three, a combination of loans

For the pure commercial loan CPF loan combination, then the monthly payment is calculated purely commercial loan part of the monthly payment, CPF loan part of the monthly payment, and then add up to the total monthly payment for the month. But note that the CPF loan repayment is first deducted from the CPF account balance and then deducted from the repayment card, while the pure commercial loan is directly deducted from the repayment card.

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Two, how much does Medicare pay per month for those over 70?

Some areas of retiree health insurance card cash back amount for you to browse, the data is for reference only.

Beijing: 100 yuan for those under 70, 110 yuan for those over 70;

Shanghai: 1,680 yuan per year for those under 74, 1,890 yuan per year for those over 75;

Tianjin: 40 yuan per month for those under 70, 50 yuan per month for those over 70, 60 yuan per month for those old workers who founded the country before the founding of the country; 251 yuan per month in Shenzhen, 160 yuan per month in Guangzhou, Xiamen 110 yuan per month, 120 yuan per month in Guangxi, 95 yuan per month in Zhengzhou, 90 yuan per month in Heilongjiang, 80 yuan per month in Xinjiang, 85 yuan per month in Shanxi, 80 yuan per month in Dalian, 77 yuan per month in Jiangxi, 75 yuan per month in Hunan, 70 yuan per month in Anhui, 51 yuan per month in Handan, Hebei, 60 yuan per month in Anshan, 120 yuan per month in Gansu, 75 yuan per month in Hunan and 100 yuan per month in Shaanxi.

Three, a loan of 700,000 also 30 years of monthly payments how much?

Loan 700,000, the current mortgage interest rate of about 5 percent, so 700,000 loans, the monthly interest is also 360 period, each period of the principal is 700,000 ÷ 360 = 1,944.3000 interest on 0,000 loans, 30 years of monthly payments, probably about 4,944

Four, loan 700,000 30 years to repay the loan how much money per month (principal and interest repayment)

If the loan principal: 700,000, the term: 30 years, in accordance with the People's Bank of China more than 5-year loan benchmark annual interest rate: 4.90% (unchanged) using the equal principal and interest repayment method, the monthly payment: 3,715.09, the total amount of repayment: 1,337,431.34, the total amount of interest: 637431.34.