How much is the down payment for the apartment?

In a word, the down payment loan is about 3%-5% of the house price.

according to the housing loan policy, the down payment for an apartment is 5%. Because the apartment belongs to commercial land, you can only apply for a commercial loan, and the down payment ratio should not be less than 5%, which means that the down payment for the apartment needs to be paid 5%. It should be noted that the apartment cannot apply for a provident fund loan.

but if it is residential land, the first down payment for residential houses is basically 3% now, which is not lower than 3% according to the law. As for how much interest you should pay each month and how long it will take, it depends on your own income.

There are differences between apartments and houses:

1. Different years of property rights

Different types of real estate have different years of property rights. Although there is no limit on the use time of houses, the use of land property rights is limited. Generally speaking, the service life of land will be divided into 4 years, 5 years and 7 years, of which 4 years for commercial land and 7 years for residential land.

2. Different charging standards for water and electricity

The charging standards for water and electricity in apartments and houses are different. Houses are generally the charging standards for civil water and electricity, while commercial apartments belong to commercial houses, and the water and electricity charges are charged according to the standards for commercial water and electricity consumption. In the long run, the expenditure on water and electricity in residential buildings will be reduced by half compared with that in commercial apartments.

3. There are different regulations for solving hukou

For buyers, there are different regulations for solving hukou between apartments and houses. Generally, apartments are projects built on commercial land, which are of a commercial nature, so they cannot solve the hukou problem. If it is residential, according to the different requirements of different regions, as long as certain conditions are met, buyers can solve the hukou problem.