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The following data is China 2012 bank reference interest rate:
This chart is based on loan amount RMB 10,000
| YEAR
|
INTEREST RATE
|
MONTHLY PAYMENT |
FLOATING RATE 5% |
MONTHLY PAYMENT |
FLOATING RATE 10% |
MONTHLY PAYMENT |
FLOATING RATE 20% |
MONTHLY PAYMENT |
FLOATING RATE 30% |
MONTHLY PAYMENT |
FLOATING RATE 35% |
MONTHLY PAYMENT |
| 1 |
6.40% |
863.4 |
6.72% |
864.71 |
7.22% |
866.26 |
7.87% |
869.3 |
8.53% |
867.3 |
8.86% |
873.8471 |
| 2 |
6.56% |
446.1408 |
6.89% |
447.6465 |
7.32% |
449.1552 |
7.98% |
452.1817 |
8.65% |
455.2203 |
8.98% |
456.8 |
| 3 |
6.65% |
306.04 |
6.98% |
307.49 |
7.32% |
310.2132 |
7.98% |
313.2714 |
8.65% |
316.3477 |
9.32% |
317.9043 |
| 4 |
6.90% |
239 |
7.23% |
240.6 |
7.59% |
242.2 |
8.28% |
245.45 |
8.97% |
248.7 |
9.32% |
250.35 |
| 5 |
6.90% |
197.5 |
7.23% |
199.2 |
7.59% |
200.8 |
8.28% |
204.1 |
8.97% |
207.44 |
8.98% |
209.1 |
| 6 |
7.05% |
170.73 |
7.40% |
172.3 |
7.76% |
174.14 |
8.46% |
177.6 |
9.17% |
181.08 |
9.52% |
182.83 |
| 7 |
7.05% |
151.17 |
7.40% |
152.9 |
7.76% |
154.64 |
8.46% |
158.2 |
9.17% |
161.73 |
9.52% |
163.53 |
| 8 |
7.05% |
136.6 |
7.40% |
138.35 |
7.76% |
140.14 |
8.46% |
143.7 |
9.17% |
147.4 |
9.52% |
149.2 |
| 9 |
7.05% |
125.3 |
7.40% |
127.1 |
7.76% |
128.92 |
8.46% |
132.6 |
9.17% |
136.3 |
9.52% |
138.2 |
| 10 |
7.05% |
116.4 |
7.40% |
118.2 |
7.76% |
120.04 |
8.46% |
123.77 |
9.17% |
127.6 |
9.52% |
129.5 |
| 11 |
7.05% |
109.1 |
7.40% |
110.96 |
7.76% |
112.84 |
8.46% |
116.65 |
9.17% |
120.52 |
|
|
| 12 |
7.05% |
103.1 |
7.40% |
105 |
7.76% |
106.94 |
8.46% |
110.78 |
9.17% |
114.74 |
|
|
| 13 |
7.05% |
98.07 |
7.40% |
100 |
7.76% |
101.95 |
8.46% |
106 |
9.17% |
110 |
|
|
| 14 |
7.05% |
93.82 |
7.40% |
95.77 |
7.76% |
97.75 |
8.46% |
101.8 |
9.17% |
105.7 |
|
|
| 15 |
7.05% |
90.16 |
7.40% |
92.15 |
7.76% |
94.2 |
8.46% |
98.24 |
9.17% |
102.4 |
|
|
| 16 |
7.05% |
87 |
7.40% |
89.2 |
7.76% |
91.1 |
8.46% |
95.2 |
9.17% |
99.5 |
|
|
| 17 |
7.05% |
84.3 |
7.40% |
86.3 |
7.76% |
88.4 |
8.46% |
92.6 |
9.17% |
96.9 |
|
|
| 18 |
7.05% |
81.84 |
7.40% |
83.92 |
7.76% |
86 |
8.46% |
90.3 |
9.17% |
94.7 |
|
|
| 19 |
7.05% |
79.72 |
7.40% |
81.82 |
7.76% |
84 |
8.46% |
88.3 |
9.17% |
93 |
|
|
| 20 |
7.05% |
77.83 |
7.40% |
80 |
7.76% |
82.13 |
8.46% |
86.53 |
9.17% |
91.4 |
|
|
| 21 |
7.05% |
75.15 |
7.40% |
78.3 |
7.76% |
80.504 |
8.46% |
85 |
|
|
|
|
| 22 |
7.05% |
74.65 |
7.40% |
76.84 |
7.76% |
79.0589 |
8.46% |
83.59 |
|
|
|
|
| 23 |
7.05% |
73.3 |
7.40% |
75.5 |
7.76% |
77.7669 |
8.46% |
82.4 |
|
|
|
|
| 24 |
7.05% |
72.1 |
7.40% |
74.3 |
7.48% |
75.5657 |
8.46% |
81.3 |
|
|
|
|
| 25 |
7.05% |
71 |
7.40% |
73.3 |
7.76% |
75.57 |
8.46% |
80.3 |
|
|
|
|
| 26 |
7.05% |
70 |
7.40% |
72.3 |
7.76% |
74.63 |
8.46% |
79.4 |
|
|
|
|
| 27 |
7.05% |
69.1 |
7.40% |
71.43 |
7.76% |
73.7766 |
8.46% |
78.57 |
|
|
|
|
| 28 |
7.05% |
68.3 |
7.40% |
70.63 |
7.76% |
73.07 |
8.46% |
77.85 |
|
|
|
|
| 29 |
7.05% |
67.55 |
7.40% |
69.91 |
7.76% |
72.31 |
8.46% |
77.2 |
|
|
|
|
| 30 |
7.05% |
66.87 |
7.40% |
69.3 |
7.76% |
71.7 |
8.46% |
76.61 |
|
|
|
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Calculation Formula：
Monthly Repayment = monthly payment data from above chart * loan amount (unit per 10,000)
For example, for 1 million, 20 years loan, 70% mortgage, and with the above bank reference interest rate：
Calculation Result：
Property Price：1,000,000 Yuan
Total Repayment：1307548.1 Yuan
Down Payment：300000 Yuan
Monthly Repayment Amount：5448.12 Yuan |
Loan Amount：700000 Yuan
Total Repayment Interest Amount：607549.1 Yuan
Repayment Period：240（month） |
Calculation Method：
Property price 1000000 Yuan ，down payment 300000 Yuan，loan amount 700000 Yuan，repayment period 240 months，monthly repayment (per 10,000 Yuan)= 77.83 Yuan（according to data from chart above） *70 =5448.1 Yuan，20 years total repayment =5448.1 Yuan/month *240 month = 1307544 Yuan，total repayment interest amount =1307544-700000 = 607544 Yuan
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