Is the interest and principal of a 30-year mortgage similar?

30-year mortgage interest equals principal? There are so many?

Recently, the topic on the Internet is quite hot. Recently, everyone is in full swing. What's the topic?

30-year mortgage interest is almost equal to the principal, right? Let's do a simple calculation,

Let's calculate according to the current benchmark mortgage interest rate.

The benchmark mortgage interest rate should be 5.9%. For example, if you borrow 500,000 yuan, the average capital will be repaid after 30 years.

What is the final repayment amount? Almost more than 940 thousand, including 500 thousand principal and 440 thousand interest,

It seems that it is almost equal to the principal.

30-year mortgage interest equals principal? There are so many?

So how should we look at this problem? Of course, it depends on the situation.

For example: in the first case, you want to buy a house but don't have that much money. Do you have any choice but to borrow money to buy a house?

In the second case, you can choose, but the question to consider is whether you have lost or earned this loan, and this still needs to be divided.

It depends, for example, in the past twenty years, the currency has depreciated very quickly and the house price has risen rapidly, so this loan is the welfare given to you by the state. You can think of it this way. Is 10 universal 30 years ago the same as 10 universal today?

Tell a true joke: 1989, a young man bought a suite in Shanghai. At that time, his salary was only 80 yuan a month, and it has been 30 years since he had to change loans from 60 yuan a month. On 20 18, he still had a month's loan from 60 yuan, and before he paid it back, he easily got a suite in Shanghai.

So looking back now, mortgage is the most cost-effective financial lever that ordinary people can access. The most direct reason is that the loan interest rate is much lower than this.

Inflation rate

30-year mortgage interest equals principal? There are so many?

Then let's talk about another situation. If the development speed slows down, the income growth slows down, or even there is a long period of negative growth, then this is another matter.

What is the value of 1 10,000 today to 2050? It's hard to tell,

You think you have made a profit in social development, which means you believe that in 30 years, the house will be as valuable as it is now.

Income will continue to grow as it has in the past 30 years.

On the other hand, if the house price is worthless after 30 years,

If the speed of social development is slow, it will lose money.

After the loan is paid off, you can buy an extra suite.

Is the 30-year mortgage interest similar to the principal value? What should I pay attention to when buying a house with a loan?

When it comes to buying a house, everyone has different views and understandings. To put it simply, 30 years ago compared with the current 1000 yuan, do you think it is a different concept, because money is depreciating. So many people choose loans to buy a house. Is the interest and principal value of 30-year mortgage similar? What should I pay attention to when buying a house with a loan?

When it comes to buying a house, everyone has different views and understandings. To put it simply, 30 years ago compared with the current 1000 yuan, do you think it is a different concept, because money is depreciating. So many people choose loans to buy a house, but the interest on existing home loans is too high, which is equivalent to buying two houses. So I'm telling you that the 30-year mortgage interest is almost equal to the principal value? What should I pay attention to when buying a house with a loan?

Is the interest and principal value of 30-year mortgage similar?

Generally speaking, if you choose a loan for 30 years, the loan interest is generally equal to the principal, and sometimes the loan interest is even higher than the principal. On the one hand, it is because users have a longer borrowing period and higher time cost; On the other hand, the principal of user loans is high. When the loan interest rate is high, the longer the loan term, the higher the loan interest will naturally be. Therefore, it is normal that the 30-year mortgage interest is almost equal to the principal. If the user can't accept that the loan interest is higher than the loan principal, the loan term can be less than 30 years when choosing the loan term.

What should I pay attention to when buying a house with a loan?

1. Pay attention to applying for a mortgage when buying a house with a loan.

Some people think that the bigger the loan amount, the better, but this is not the case! Because you have to pay the mortgage and interest. If your loan term is longer and the loan amount is larger, you will have to pay more interest, which will increase your repayment pressure.

2. Pay attention to preparing loan information in advance when buying a house with a loan.

Copy of ID card, copy of household registration book, copy of marriage certificate or single certificate, copy of education certificate, copy of income certificate, copy of bank account, purchase contract, down payment invoice, social security related certificates, etc. It is also very important that if there is a bad credit record in credit card repayment, you must apply for cancellation or issue relevant certificates.

3. Pay attention to providing real information when buying a house with a loan.

If the loan buyers provide false materials to the bank, it may have a serious impact: it will affect the bank's audit, and it will be impossible to issue loans and realize the dream of living; What's more, it may be because individuals provide false materials, which leads to the inability to apply for loans, which leads developers to require buyers to bear the liability for breach of contract in delivering mortgage materials and pre-sale contracts of commercial housing, and pay a considerable amount of liquidated damages.

4. Pay attention to the prepayment method when buying a house with a loan.

At present, there are two main repayment methods for bank loans to buy a house, namely equal principal and interest and average principal. Although there is little interest in the average capital, the monthly supply is high and the pressure is relatively high. The total interest of equal principal and interest will be higher, but the monthly repayment pressure is small. You can choose the appropriate repayment method based on your own situation.

5. Be careful not to use the provident fund before applying for a loan.

If the borrower takes the balance of the provident fund before the loan, it will make the balance of the provident fund in his provident fund account become zero, and then the amount of the provident fund loan will become zero. In other words, you can't successfully apply for provident fund loans at this time.

6. Pay attention not to prepay within one year when buying a house with a loan.

According to the relevant regulations of bank loans, the prepayment part should be repaid after 1 year, and the amount returned should exceed the repayment amount of 6 months.

Is the interest and principal value of 30-year mortgage similar? What should I pay attention to when buying a house with a loan? If it is just needed, you can buy a house, but if it is an investment, there is no need to buy a house. After all, there are certain risks in investing in buying a house now, especially for some employees, the pressure of buying a house is still great.

It's so scary. The "interest" of a 30-year mortgage is almost equal to the "principal"

Do you know what the interest on the mortgage is?

The interest on a 30-year mortgage is almost equal to the principal, you know? Let's do the math first. According to the current market, the benchmark mortgage interest rate should be 5.6%.

30-year interest of equal principal and interest is about 520,000 yuan; The average capital interest is about 420,000 yuan.

For example, the average capital borrowed 500 thousand, borrowed for 30 years, and finally paid 920 thousand, including 500 thousand principal and 420 thousand interest. This "interest" is really almost equal to "principal".

If you want to buy a house and don't have that much money, are there any other options besides loans? The answer is inevitable. 、

You can choose if you have more money. But we should also consider whether the loan is a loss or a gain, depending on the situation. For example, in the past 20 years, the currency has depreciated so fast and the house price has been rising, so this loan is equivalent to the welfare given to us by the state. Think about it, how big is the gap between 65438+ 10,000 yuan 30 years ago and 65438+ 10,000 yuan today?

There is a real case. 1989, someone bought a house in Shanghai. At that time, his salary was one month in 80 yuan, and he had to pay back 60 yuan's huge mortgage for 30 years. On 20 18, she paid off the mortgage in 60 yuan for one month. Now that the mortgage is over, I can easily own a "suite" in Shanghai.

So looking back now, mortgage is the most cost-effective financial lever that ordinary people can access. The most direct reason is that the loan interest rate is much lower than the inflation rate.

Then let's talk about another situation. If the development speed slows down, so does the income growth, or even a long period of negative growth, that is another matter.

Today's/kloc-0 million yuan will be valuable in 2050. In fact, it is hard to say clearly, so the premise of discussing this matter is social development. You think it's profitable, which means you believe that the house will still be as valuable as it is now in 30 years, and the income will increase as in the past 30 years.

On the other hand, if the house is worthless after 30 years and the social development slows down, it is blood loss. When the time comes, you can buy an extra suite as long as you pay off the loan.