How to use the mortgage interest rate calculator

The usage of the mortgage interest rate calculator is as follows:

1. Select the repayment method. The common repayment methods are average capital and equal principal and interest. The average capital method is to repay the same amount of principal every month, and the interest decreases month by month; Equal principal and interest means paying equal principal and interest every month.

2. Enter the loan information. Including loan amount, loan term (month), interest rate (%) and repayment method. The loan amount refers to the amount that buyers need to borrow; The loan term refers to the repayment term, such as 15 years, 20 years, etc. Interest rate refers to the annual interest rate of bank loans; Repayment methods include equal principal and interest repayment and equal principal repayment.

3. Start the calculation. After entering the loan information, click the "Start Calculation" button, and the mortgage calculator will automatically calculate the monthly principal payable, monthly interest payable, total repayment amount, total interest paid and other information.

4. Check the calculation results. You can check the calculation results on the mortgage calculator page, including monthly principal payable, monthly interest payable, total repayment amount and total interest paid. At the same time, you can also try to find the most suitable repayment method by adjusting the loan term, interest rate and other parameters.