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dksnyder2002

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Incorrect help on reccommendation
When I looked at your recommendations I found the following information Loan amount 111,363 length of loan 360 months interest rate 4.64% and it showed the payment to be $485 per month however when feeding the info into a financial calculator and talking with the lending institution the payment came to 573.72 per month. This is a difference of 88.72 per month on just the current loan. This does not include the closing costs etc. Is your financial calculator malfunctioning or what is the issue with the difference?

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There could be differences

in what is being calculated.  if the lender were adding something like Mortgage insurance to their calculations that would change the amounts.  Some lenders will automaticly add things like closing costs or even the property taxes that they would hold in trust.  

your may be comparing apples to oranges..  

Good luck

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