Excel mortgage calculation table (commercial loan)
1. Calculate monthly payment.
Monthly payment (yuan) = monthly salary (yuan) * monthly payment to monthly salary ratio
Monthly payment to monthly salary ratio:
(1) 30% is the comfort line, suitable for home buyers with stable income, married and having children.
(2) 50% is a warning line, suitable for home buyers who have a stable job and are unmarried or married with no children.
The calculation method is as follows:
enter the monthly salary and the ratio of monthly salary to monthly salary to get the monthly salary.
2. Calculate the total price of the house and the minimum down payment.
The total price of the house (ten thousand yuan) = unit price (yuan/square meter) * housing area (square meter)/10000
The unit price here is the discounted and preferential price.
Minimum down payment = total house price × down payment ratio.
The calculation method is as follows:
Enter the unit price of the house, the area of the house and the down payment ratio to get the total house price and the minimum down payment.
3. Calculate the actual down payment.
3.1 Features of equal principal and interest and equal principal
There are two payment methods for mortgages: equal principal and interest and equal principal. The two methods have the following characteristics:
(1) In the case of the same loan period, amount and interest rate, in the early stage of repayment, the monthly return of the equal principal repayment method is greater than the equal principal and interest. But based on the entire repayment period, the equal principal repayment method will save loan interest expenses.
(2) The advantage of equal principal and interest is that the monthly repayment amount is the same, it is convenient to arrange income and expenditure, and it is suitable for the borrower whose income is in a relatively stable state and does not allow excessive investment in the early repayment. The disadvantage is that you need to pay more interest. However, most of the amount repaid in the previous period is interest, and the ratio of the principal will increase after the repayment period is more than half, which is not suitable for early repayment.
(3) The advantage of equal principal is that the total interest relative to equal principal and interest is less. The repayment amount decreases every month, and the later it becomes easier. And because the proportion of the principal repaid in the early period is relatively large, and the proportion of interest is small, it is very suitable for early repayment. The disadvantage is that the repayment pressure in the early period is relatively high, and a certain economic foundation is required to be able to bear the higher repayment pressure in the early period.
The comparison of the two repayment methods is as follows:
3.2 Calculation of equal principal and interest and equal principal monthly payment
The calculation formula for equal principal and interest is as follows (the monthly repayment amount remains unchanged): the
calculation formula for equal principal is as follows:
monthly principal repayment (unchanged) = total loan principal/months of repayment and
monthly interest repayment = (total loan principal Fund-Cumulative amount of principal returned) × monthly interest rate
Monthly monthly payment = monthly principal repayment + monthly interest repayment The
two calculation methods are as follows:
enter the loan amount, loan period and annual interest rate, and automatically calculate the first Monthly payment and total interest.
3.3 Calculate the actual down payment
According to the monthly payment, determine the loan amount in two ways: equal principal and interest and equal principal.
Actual down payment = total housing price-housing loan.
When the actual down payment is higher than the minimum down payment, the repayment method is feasible; otherwise, the housing loan and monthly payment need to be reduced to increase the down payment.
4. Calculate public expenses
On the home purchase plan sheet, public expenses generally include: (1) deed tax; (2) property maintenance fund; (3) other expenses.
4.1 Deed tax
Deed tax refers to a one-time tax levied on the new owner (owner of the property right) based on the contract made by the parties in a certain proportion of the property price when the property rights of the real property (land, house) are transferred and changed.
Since February 22, 2016, for individuals purchasing the only house in the family (family members include buyers, spouses, and minor children, the same below), with an area of 90 square meters or less, a deed tax will be levied at a reduced rate of 1% ; If the area is more than 90 square meters, the deed tax will be levied at a reduced rate of 1.5%.
For individuals purchasing a second set of improved housing for the family with an area of 90 square meters or less, the deed tax will be levied at a reduced rate of 1%; for those with an area of 90 square meters or more, the deed tax will be levied at a reduced rate of 2%.
4.2 Property Maintenance Fund
Article 5 of the "Administrative Measures for the Maintenance Fund for Common Facilities and Equipment in Shared Parts of Housing", when commercial housing is sold, the purchaser and the selling unit shall sign an agreement on the payment of the maintenance fund. The purchaser shall pay the maintenance fund to the selling unit according to the proportion of 2-3% of the purchase price. The maintenance base metal collected by the selling unit is jointly owned by all owners and is not included in the residential sales income.
4.3 Other expenses
Other fees are also recorded as registration fees, generally 810 yuan.
4.4 Calculation of Public Expenses
Public expenses = deed tax + property maintenance fund + other expenses The
calculation method is as follows:
according to the total price of the house and the area of the house, the results of various public expenses and the total are automatically calculated .
5. Budget
Budget = actual down payment + public expenses
According to the two methods of equal principal and interest and equal principal, the results are automatically calculated as follows according to the previous calculation:
6. Summary table
The summary table is as follows
