LPR Over 5 Years Decreased By 10 Basis Points, A Decrease Of 21000 Yuan In 1 Million Yuan Mortgage Loans Over 30 Years

[LPR over 5 years decreased by 10 basis points, a decrease of 21000 yuan in 1 million yuan mortgage loans over 30 years] The latest LPR was announced, with the five-year LPR lowering to 4.2%, which was 4.3% previously. If calculated with commercial loan limit of 1 million yuan, loan of 30 years, and repayment of equal principal and interest, LPR has decreased by 10 basis points this time, with a monthly repayment decrease of 58.54 yuan and a cumulative decrease of 21000 yuan over 30 year. At present, the lower limit of the national unified commercial personal housing loan interest rate for the first housing is 4.1%. After the 5-year LPR is lowered by 10BP, the lower limit of the unified housing loan interest rate is expected to break through the threshold of 4%.