Monthly calculator? How to calculate the interest of mortgage prepayment?

Generally, when buying a house, everyone will choose to buy a house by loan, so buying a house by loan will be related to the calculation of monthly payment. When making a loan, everyone must know how to calculate the monthly payment, and before calculating, we must also know which method is more suitable for the loan. So, let's talk about the monthly calculator. How to calculate the interest of mortgage prepayment?

Monthly calculator

In fact, a better method is to use the mortgage calculators of major websites to calculate, which is simple and convenient. Step 1: First, choose whether your repayment method is average capital or equal principal and interest, and fill in the commercial loan term, loan amount and actual loan interest rate; Step 2: Select whether to display repayment details, and click the Calculate button to obtain detailed information such as monthly repayment amount, total loan interest, total repayment amount and so on.

How to calculate the interest of mortgage prepayment?

Full prepayment refers to one-time settlement of mortgage principal and interest. After all prepayment, the interest will be calculated from the day when the principal and interest of the bank are paid off. In other words, as long as you borrow from the bank, the interest will be calculated.

Partial prepayment means that only a part of the loan principal and interest is repaid, and the remaining principal and interest are not settled. The outstanding loan principal and interest shall be executed according to the loan interest rate agreed in the original loan contract (continued preferential treatment with discount).

If you don't know how to repay the mortgage, you can directly enter the relevant data in the mortgage calculator, and the monthly payment can come out. In fact, it is good for most people to buy a house by loan, but for those with very high income, if you choose to pay the full amount in one lump sum or a better choice, then you will have no worries.