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How much is the down payment of 2 million for a 3.6 million house?
The total known house price is 3.6 million yuan.
Known down payment: 2 million yuan.
According to the loan amount = total price-down payment, the loan amount can be calculated:
360-200 = 65438+600,000 yuan
The known annual interest rate is 0.05.
According to the monthly interest rate = annual interest rate/12, the monthly interest rate can be calculated:
0.05 / 12 = 0.004 166666666666667
Known loan term: 20 years.
According to monthly payment = loan amount \ multiplied by monthly interest rate \ multiplied by (1+ monthly interest rate)/((kloc-0/+monthly interest rate)-1)$, the monthly payment can be calculated:
$ 160 \ times 0.004/0.004 1666666667 \ times (1+0.004166666667) {loan _ period}/(1)
So the monthly payment is 8.35 yuan.
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