Posted on: 17th Jul, 2009 11:40 am
Can someone tell me what 272,000 at a 4.5% is? I've used a loan calculator and I'm not matching the number the bank has.
Thanks!
Thanks!
Hi,
You haven't mentioned the term of your loan. What's your loan term?
You can use the FRM calculator to determine the monthly interest payments. You can also get an amortization schedule, where you'll find the payments towards principal and payments towards interest separately in detail.
You haven't mentioned the term of your loan. What's your loan term?
You can use the FRM calculator to determine the monthly interest payments. You can also get an amortization schedule, where you'll find the payments towards principal and payments towards interest separately in detail.
The bank's payment could also include mortgage insurance. Do you have a Good Faith Estimate? If so, it will breakdown the payment. If you dont have a GFE, get one.