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Updated over 5 years ago,
BP Calc giving me a different P&I than my lender?
Hey BP!
I'm taking out a $160k loan at 4.125% interest for 30 years. The BP Calc is showing that my P&I will be $775/mo, but my lender is telling me that my P&I is estimated at $957/mo. When I run an estimate of the loan payment on Calculator Soup, it also gives me an estimate of around $900/mo.
Does anyone know why I'm getting such a low number for P&I on the BP Rental Property Calculator?
Thanks in advance!
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*This link comes directly from our calculators, based on information input by the member who posted.