With this large of a discrepancy should I be expecting another appraisal?  

Were there discrepancies on what was on the application vs what was found in background and credit checks?

I see a lot of sites saying that to calculate the monthly interest rate on a loan you just divide the annual rate by 12. So let's say we have a 100k loan at 5%. The first year your interest payment would be 5k if you ...

There seems to be a very large discrepancy between comps and the owner's asking price.

This agreement gives current tenants a chance to disclose the terms of their lease as they know it so that you have a chance to find discrepancies before committing to a purchase.Any discrepancies that arise should be sorted out before closing.

Can you help me understand the discrepancy - how $700 / 1 br in SE is cheap, but $600 /1 br in Frederick MD isn't cheap?

From what I have learned it seems like if you think its a good deal you should get it under contract and negotiate based on any discrepancies?

The numbers are not 100% accurate but give a ballpark figure of what your credit score is and what accounts you have open and also gives contact info for those companies incase of a discrepancy.

I have been using the proforma values but see huge discrepancies between different properties.Thanks

Here lies the discrepancy.