Equal payments or equal principal, monthly payment & schedule
Enter the actual rate shown on your loan contract or bank page — rates vary by bank and by time period, and this tool does not assume any default market rate.
| No. | Payment | Principal | Interest | Remaining balance |
|---|---|---|---|---|
| 1 | 4,745 | 1,454 | 3,292 | 998,546 |
| 2 | 4,745 | 1,458 | 3,287 | 997,088 |
| 3 | 4,745 | 1,463 | 3,282 | 995,625 |
| 4 | 4,745 | 1,468 | 3,277 | 994,156 |
| 5 | 4,745 | 1,473 | 3,272 | 992,683 |
| 6 | 4,745 | 1,478 | 3,268 | 991,206 |
| 7 | 4,745 | 1,483 | 3,263 | 989,723 |
| 8 | 4,745 | 1,488 | 3,258 | 988,235 |
| 9 | 4,745 | 1,492 | 3,253 | 986,743 |
| 10 | 4,745 | 1,497 | 3,248 | 985,246 |
| 11 | 4,745 | 1,502 | 3,243 | 983,743 |
| 12 | 4,745 | 1,507 | 3,238 | 982,236 |
Use this calculator when you are weighing loan terms or deciding between equal installments and equal principal: enter an amount, a term and an annual rate, and it builds a month-by-month schedule with the standard fixed-rate, monthly-compounding formulas. That is all it does. It does not look up rates, and it does not model prepayment, LPR repricing, mixed commercial/provident-fund loans, fees or insurance, so treat the output as a basis for comparing options, not as a bank statement.
Using the same formulas as the page: equal installments cost 4,745.37 CNY every month. In month one, 3,291.67 is interest and 1,453.71 is principal. The first 12 months carry about 39,180.69 of interest and leave a balance of 982,236.22, so less than 2% of the loan is repaid in year one. Total interest over 360 payments is 708,334.05. With equal principal, month one is 6,069.44 (2,777.78 principal plus 3,291.67 interest), the last month is 2,786.92, and total interest is 594,145.83, roughly 114,000 less than equal installments, at the price of a first payment about 1,324 higher. Shorten the term to 20 years and equal installments become 6,033.49 per month with 448,037.39 interest; equal principal runs from 7,458.33 down to 4,180.38 with 396,645.83 interest. The page displays amounts rounded to whole yuan, so you will see 4,745 or 708,334.
Equal installments give a constant payment that is easy to budget, but the early payments are mostly interest. Equal principal repays the same slice of principal each month, so payments shrink and total interest is lower, yet the first months hurt more. In the example above, if you can absorb about 1,300 CNY extra per month at the start, equal principal saves over a hundred thousand in interest; if you need slack in your cash flow, equal installments are the safer choice.
The actual annual rate on your contract or bank page. The 3.95% default is only an example, not any bank's current rate. If your loan floats with LPR, the result assumes today's rate never changes.
Banks may handle rounding differences, daily interest accrual or a partial first period differently from the textbook formula. This tool assumes whole months, so a gap of a few to a few dozen yuan is normal; the bank's own schedule is authoritative.
No. It produces the full plan from disbursement to payoff and has no prepayment input. You can export the CSV and read the remaining balance after any installment for a rough estimate.
It is only a unit switch; with 10k CNY the number is multiplied by 10,000. Entering 100 with 10k CNY equals entering 1000000 with CNY, so check the dropdown if results look off.
Everything is computed in your browser. The amounts and rates you type are not uploaded, and the CSV is generated locally and downloaded as "房贷还款计划.csv".