Profile picture for jpaction

Monthly payments quoted @ 4.65 APR are higher then current 6.2 APR for the same amount. What's up?

Monthly payment quoted is higher then my current payment by more then $100.  My current rate is 6.2 APR and the quoted rate is 4.65 APR.  The loan amount requested is for what I currently owe.  This makes no sense at all.
  • January 28 2009 - Norwalk
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Answers (6)

Profile picture for robleo
thank you.
  • January 29 2009
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Profile picture for robleo
correction .... call me.. my rates are better too.
  • January 29 2009
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Profile picture for robleo
call me I can help.etter than that too.
  • January 29 2009
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Profile picture for robleo
that too IO payment probably. a lot of them out there.  I have one!
  • January 29 2009
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Profile picture for robleo
escrows? MI? something is missing
  • January 29 2009
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you must be comparing a P and I payment to a PITI payment. Only compare the principal and interest payment of both loans.  
  • January 28 2009
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