01
Equal principal and interest
The same modeled amount is paid each month. Early payments contain more interest and later payments contain more principal.
China Mortgage Planning Calculator
Estimate a fixed-rate loan using equal principal and interest or equal-principal repayment with the loan amount, whole-year term and annual rate you enter.
This is a mathematical planning estimate, not a current-rate quote or approval.
Estimate
Equal monthly payment
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First payment —
Last payment —
Total repayment —
Total interest —
The rate remains fixed for the whole modeled term. Actual contracts may change rates, rounding and payment dates.
Sources: Jinan Housing Provident Fund Center repayment-method guidance and People’s Bank repayment formulas.
Mortgage planning guide
02
Equal principal
The same principal amount is repaid each month while interest declines with the outstanding balance. The first payment is highest, the last is lowest, and total interest is lower than equal principal and interest under the same fixed inputs.
03
Official method context
Current official housing provident-fund guidance recognizes equal principal and interest and equal-principal methods for loans longer than one year. This calculator accepts a user-entered rate and does not claim a current national mortgage rate.
Extra payment and refinance comparison
Compare a remaining loan, recurring extra payments, and a hypothetical refinance using rates and costs you enter.
Scenario comparison
| Scenario | Scheduled monthly payment | Payoff | Total interest | Upfront cost/cash | Difference vs baseline interest |
|---|
Refinance cash-flow break-even—
Cash-flow change during planned hold—
Extra-payment time saved—
Monthly schedule
The on-screen table shows the first 24 months and final month. CSV export includes every simulated month.
| Month | Payment | Principal | Interest | Balance |
|---|
Assumptions, worked example, and source
- Rates are user-entered; no current lender rate or product recommendation is supplied. Most countries use annual rate ÷ 12. Canada uses nominal semi-annual compounding converted to a monthly rate.
- Extra payment is applied after scheduled interest with no prepayment charge. Enter any early-repayment charge in refinance costs and confirm overpayment limits with the lender.
- Refinance break-even accumulates monthly payment differences until they recover upfront costs. It is a cash-flow measure, not an equity, tax, opportunity-cost, or approval analysis.
- The default worked example compares one remaining balance over its remaining term. Replace every assumption with the current statement and a formal refinance quote.
Consumer authority mortgage reference for this country · Method reviewed 2026-07-30.