In the process of housing prices continuing to rise in the past, many people will not calculate the accounts, anyway, the house prices are on the Internet every day, as long as there is a profit. However, the situation is completely different now, the house is no longer fast**, and buying a house must be carefully calculated.
In the process of buying a house, there are two accounts, and 99% of people have miscalculated, which is not my nonsense. So what about those two accounts:
1. The purchase cost of the property.
When we talk about the purchase cost of a property, we usually refer to the purchase price. In fact, the cost of buying a house includes not only the purchase price, but also many other things. Generally speaking, it is divided into two categories: direct cost and indirect cost, and the direct cost of buying a house mainly includes the purchase price, mortgage interest, transaction tax, maintenance fees, etc.;The indirect costs of buying a house mainly include loan interest, property fees, insurance premiums, etc.
Now, we will show the calculation of these two accounts with a concrete example. The direct cost of buying a house is: 1,060,000 yuan. The indirect cost of buying a house is: 260,000 yuan. Therefore, the total cost of buying a house is: 1,320,000 yuan, and many times the amount of indirect costs is relatively small, so we ignore it.
In particular, the cost of purchasing a property will increase significantly after calculating the mortgage interest as the purchase cost, but it is undeniable that the mortgage interest is indeed the cost of the property purchase.
2. Mortgage interest rate.
Based on the current LPR** as of December 26, 2023, the 1-year LPR is 345%, and LPR for more than 5 years is 42%, taking a loan of RMB 1 million as an example, the repayment method of equal principal and interest is as follows:
42% seems to be relatively cheap, but this is only a nominal interest rate, not a real interest rate, and the real interest rate will be around 7%-8%, because the mortgage will already be repaid at the beginning of the next month, and the use of funds is relatively inefficient. So, if the annual interest rate is around 8%, will you still feel cheap?
If you calculate the account, it is not a subversion of cognition. In the past, the house price was fast**, and there was no need to calculate the detailed accounts, nor did you need to pay attention to these details, but the details often determine success or failure, so please be rational when buying a house.