How to calculate the mortgage now? I will buy a house for 1.4 million, prepare a mortgage for 20 years, and make a down payment of 30%! So how much do I have to pay every month?

First of all, do you know the annual interest rate of your loan? At present, the benchmark interest rate of housing mortgage loans for more than five years is 6.8%, but due to the current market environment, the interest rate of first-home loans will generally rise by 10%.

Namely: 6.8%* 1. 1=7.48%.

Then you need to know your repayment method. Generally, there are two ways: matching principal and interest (same monthly repayment amount) and average capital (decreasing monthly repayment amount).

If the down payment is 30%, the mortgage is 20 years, and the interest rate rises by 10%, the repayment method of equal principal and interest will be adopted.

Monthly payment: 7,882.83, total interest: 9 1 1879, 20 * * repayment: 911879+1400,000 * 0.7 =/kloc-0.

If the down payment is 30%, the mortgage is 20 years, and the interest rate rises 10%, the repayment method of average capital is adopted.

Payment in the first month: 10 192, and less 26 yuan every month thereafter. The total interest is 736,094.33, and the 20-year * * payment is 736,094.33+1400,000 * 0.7 =1716094.33.

After knowing how much money to pay back every month, you need to know your family's monthly income. Now the bank requires: household income/monthly repayment > two.

I hope it works for you!