What if the principal and interest in the Amortization Tables are different from those given by my lender?

What if the principal and interest in the Amortization Tables are different from those given by my lender?

There some common mistakes with entering your data that could be causing this. Go back and take a look at your loan documents. There may be two interest rates listed. One is the interest rate for the loan itself, the other is called the Annual Percentage Rate (APR), which includes all other expenses associated with the loan. You should enter the interest rate for the loan itself. This is generally in eighths and is a number like 7.0, 7.125, 7.25, 7.375, 7.5, 7.625, 7.75, or 7.825. You may also want to double check the starting date for the loan. It's most likely the closing date of your property.

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