Mortgage for 2,000,000

The problem of cohabitation of several generations, the desire of a young family to live separately, the dream of their own apartment make us look for options for acquiring the cherished meters. A two-room apartment in the regional center of Russia costs approximately 2,000,000 rubles. The article will tell you where you can get a mortgage for this amount, what requirements you need to meet and how to calculate monthly payments.

Almost any bank issues a mortgage of 2 million rubles. and more. The main thing is to meet the requirements of the bank, to have a stable confirmed income and a positive credit history. Interest rates in banks differ insignificantly. When choosing an organization for obtaining a loan for housing, you need to pay attention to payments that may be charged additionally:

In addition to the standard conditions for obtaining a loan, such as:

• citizenship;
• registration;
• employment;
• suitable age;

the borrower must have a certain level of total income so that the monthly payment does not exceed half of it. Therefore, there are two types of payments for loan repayment:

1. Annuity... Remains unchanged throughout the entire term of the contract. Allows you to get a large loan with an average salary. Initially, most of the payment is interest, only a small part of the loan body is repaid.
2. Didifferentiated. The mortgage amount is divided into equal shares - the loan term in months. Each month, one installment and interest are paid for the use, the amount of which decreases as the debt is paid. Since the biggest payment is the first one, the salary should be rather big.

The annuity payment is calculated using a rather complicated formula:

P - monthly payment, p .;

And - the amount of the mortgage, p .;

С - percentage of interest: annual rate divided by 12 and 100%. For example, if the mortgage is at 14% C = 14: 12: 100 = 0.0117

M - term in months: 10 years - 120, 15 - 180, 20 - 240.

If the mortgage is 2,000,000 rubles. for 10 years and at 14% annuity will be:

Raise to the power (1-M), i.e. -119 is possible.

Therefore, to obtain such a loan, income must be at least 61,441 rubles.

In the case of a differentiated system, the payment for the first month will be:

Г - annual interest rate,%

D G - the number of days in a year, 365 or 366;

D m - the number of days in the current month.

For a mortgage of 2,000,000 rubles. for 10 years and at 14%:

Subsequent payments are calculated by reducing I - the amount of the mortgage for a share: 2,000,000/120 = 16,666.6 rubles.

It is much easier to use the mortgage calculator, which is available on the website of every bank.

Estimated calculation of monthly payments for 120 months:

Calculation of mortgage 2,000,000 for 15 years

Approximate calculation of monthly payments for 180 months:

Approximate calculation of monthly payments for 240 months:

Do not forget about the possibility of a 13% tax refund.

The down payment determines the mortgage interest rate.

Calculation of the payment amount on the bank's calculator is an approximate figure. You will have to pay additionally:

• notarial services;
• commission for registration with the federal service;
• three types: title housing, life and health of the borrower, object from destruction and damage ,.

It is generally accepted that the annuity repayment scheme is more expensive for the borrower and is used when there is not enough earnings for a differentiated one. But this is not an entirely accurate statement. If no early repayment is planned, then the total amount of the loan payment is almost the same - the cost and purchasing power of money today and in 10 years is different.

To get a profitable mortgage, you should follow the bank's shares - sometimes you can get very favorable conditions.