Why is the interest rate of 5.9 for CCB loan 326,000 for 20 years calculated incorrectly?

1. The 20-year loan interest rate for CCB's 326,000 loan is 10% higher than the benchmark interest rate, which is 6.49%, so the borrower's monthly payment is 2,428.65 yuan.

2. House mortgage loan conditions: The age of the house should be within 20 years; the area of ??the house requires different banks; the house must have strong liquidity; generally, commercial houses, apartments, shops, and office buildings are required . Real estate mortgage loans generally need to be handled through professional real estate guarantee companies. Real estate mortgage loans have become an important means of personal real estate financing for residents. Funds are loaned through mortgage loans to meet temporary consumer needs or even business operating needs in order to revitalize Real estate held by residents, and among various financing channels, real estate mortgage loans are still one of the lowest-cost methods. According to data provided by Anjia World Bank Guarantee Co., Ltd., the country's first wholly foreign-owned real estate guarantee company, nearly 30% of real estate mortgage loans are used for repurchasing a house, and other uses with a higher proportion are: business purposes, car purchases, studying abroad and Immigration, renovation and purchase of major consumer goods.