$123,601.31 @1.95% VC-5 Yr Term; 15 Yr Amortz : Biweekly (interest rate, premium, payments, interest)
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Biweekly Payments: I am calculating it as $783.15/ Biweekly Payments, but docs shows : $442.61,IAD=Mar26th/ 2010: commencing Apr09/ 2010, how, pls verify
Edited
Crux of these problems is to work out Equivalent Annual Interest Rate=1.957391%
Biweekly Payments: I am calculating it as($792.54 monthly Ins Premium of $100.38)X12/26= $412.12 - Biweekly Payments, but docs shows : $442.61, pls explain discrepancy?