How to calculate the mortgage after the interest rate cut? The answer is here.

First, how to calculate the mortgage after the interest rate cut? The answer is here.

Applicants should know that in 2020, all major banks have sent invitations to change the interest rate method by SMS, and they can choose LPR floating interest rate or fixed interest rate. Did not make a choice within the prescribed time limit, want to know how to calculate the mortgage after the interest rate cut? Let's look at different algorithms.

First, under the LPR floating interest rate model, how to calculate the mortgage after interest rate cuts?

1, LPR floating interest rate

First of all, LPR stands for the benchmark interest rate of the loan market, which is obtained by the central bank according to the weighted average of 18 quotation banks and is generally updated on the 20th of each month. Since it is the bank's PR, it will fluctuate according to the market.

Floating interest rate of LPR =LPR plus point. The plus sign is positive or negative from the original contract interest rate and LPR interest rate in the same period. Once you get extra points, it's fixed.

2. Example calculation

Suppose that the housing loan of 200,000 yuan is repaid in 20 years, that is, 240 months, with equal principal and interest, plus 0. 1%, then:

In June 5438 +2022 10, the bank mortgage interest rate dropped, and the LPR benchmark interest rate was 4.6%. Then:

Personal mortgage interest rate =4.6%0. 1%=4.7% (annual interest rate), converted into monthly interest.

Monthly personal mortgage payment = 2000000.392%1.392% 240)/(1.392% 240-1) =1286.99 yuan.

Second, under the fixed interest rate method, how to calculate the mortgage after interest rate cuts?

1. What does fixed interest rate mean?

The fixed interest rate is based on the benchmark loan interest rate published by the People's Bank of China. Banks float prices within the prescribed range, which may generally rise by 10%-30%. The floating prices of different lending banks are different.

2. Example calculation

Suppose a mortgage of 200,000 yuan is repaid in 20 years, that is, 240 months, with equal principal and interest.

In 20021year, the benchmark interest rate of the central bank was 4.7%, and the interest rate agreed with the bank rose by 10%.

Individual room 10%)=5. 17% (annual interest rate), which translates into a monthly interest rate of 0.43 1%.

In 2022, if the bank mortgage interest rate drops, the benchmark interest rate of the central bank remains unchanged, and the personal mortgage interest rate agreed in the contract remains unchanged, then:

Monthly personal mortgage payment = 2000000.431%1.431%240)/(1.431%240-1) =/kloc-.

The above is about how to calculate the mortgage after the interest rate cut. I hope it will help you. Second, the mortgage of 202 1 is 2390 yuan. How much is the mortgage after the interest rate cut?

The answer is: the mortgage of 202 1 is 2390 yuan, and the amount of mortgage after interest rate reduction depends on many factors. Because according to the management regulations of personal housing mortgage loans of commercial banks, it can be seen from the calculation formula of monthly payment that monthly payment is closely related to loan principal or balance, loan term, loan interest rate and repayment method. For example, the landlord only provided 202 1 year mortgage of 2390 yuan, which I personally think is a monthly loan, but it is impossible to calculate the four elements of the loan based on this data alone, so it is impossible to calculate the monthly loan after interest rate reduction.

Third, how to calculate the mortgage interest when the bank cuts interest rates?

When banks cut interest rates, mortgage interest will also drop. Relevant regulations are as follows: adjustment of benchmark interest rate. For loans that have been issued, a new benchmark interest rate will generally be implemented from next year 1 month 1 day to reduce monthly payments.

The calculation of loan interest is based on floating interest rate. Interest will be adjusted with the adjustment of interest rate, the benchmark interest rate will be adjusted, and the repayment amount will also be adjusted. For existing loans (loan mortgage), the floating (or falling) range during the loan period remains unchanged. If the benchmark interest rate is adjusted, the loan interest rate will rise (or fall) on the basis of the new interest rate.

Of course, no matter how it is calculated, it has no effect on the interest paid. Will affect the adjusted interest rate. Note: As for when to implement the new interest rate, it should be determined according to the nature of the loan (commercial loan or provident fund loan), the lending bank and relevant contract provisions.

Generally, there are three forms: first, after the bank's interest rate is adjusted, the newly adjusted interest rate will be implemented at the beginning of the following year (ICBC, Agricultural Bank of China and China Construction Bank are all like this); The second is the annual adjustment, that is, the new interest rate will be adjusted and implemented every year of repayment (this is the case with bank mortgage in China).

Third, the two sides agreed that the new interest rate level will generally be implemented in the next month after the adjustment of the bank interest rate, and the adjustment time of the provident fund loan interest rate will be 1 month 1 day every year.

Extended data:

Target means: the benchmark interest rate is one of the important means for China's central bank to achieve monetary policy goals. The basis for setting the benchmark interest rate can only be the target of the monetary government. When the focus of policy objectives changes, the interest rate as a policy tool should also change.

Different interest rate levels reflect different policy requirements. When the policy focuses on stabilizing the currency, the interest rate of central bank loans should be raised in time to curb overheated demand. On the contrary, it should be lowered in due course.

For example, 1987, in view of the rising economic air, the State Council proposed "compressing economic air" and launched a campaign to increase production and save money. The central bank clearly put forward the monetary policy of "living a tight life" and raised the interest rate of central bank loans. Since the fourth quarter, the interest rates of annual loans and short-term loans have been raised from 3.4‰ and 5.4‰ to 6‰.

1988 in the fourth quarter, in the face of overheating and obvious inflation, the CPC Central Committee and the State Council put forward the policy of "managing the economic environment and rectifying the economic order", and a series of policy measures aimed at tightening monetary policy were successively introduced, including continuing to raise the central bank's loan interest rate, annual loan interest rate and short-term loan interest rate from 6‰ to 6.9‰ and 6.3‰ respectively.