How to use
- Enter loan amount (10k CNY).
- Enter annual rate (e.g. 3.5).
- Enter term in years; result updates live.
FAQ
Equal installment vs equal principal?
Equal installment keeps the monthly payment constant (more interest early); equal principal repays a fixed principal each month, so the payment drops over time and total interest is lower but heavier upfront. This tool uses equal installment.
Do I enter the annual or monthly rate?
Enter the annual rate (e.g. 3.5 for 3.5%). The tool divides by 12 to get the monthly rate automatically — no manual conversion needed.
How much is the monthly payment on a 1,000,000 loan for 30 years?
At 3.5% annual over 360 months, the equal-installment payment is about 4,490 CNY/month; total paid is about 1.617M including roughly 617k of interest. Your lender's rate may differ.
Commercial and housing-fund rates differ — how do I calculate?
Enter each portion with its own rate and add the totals; for a combined loan, split it into two separate calculations and sum them.
How much interest does early repayment save?
Early repayment cuts the remaining principal, so you pay less future interest. This tool shows the full-term plan; re-enter the reduced principal to see the new payment.
What share of income should the mortgage be?
A common rule is under 50% of household monthly income, ideally under 30%. Use this tool to get the payment, then compare it with your income.
About this Mortgage Calculator
Calculates equal-installment (amortizing) mortgages using the standard formula. Inputs are processed locally in your browser.