Is the Mortgage numbers in Rental Property calculator accurate?
Hi!
I'm trying to learn to evaluate a deal by playing around with numbers with bunch of properties.
I've noticed that the mortgage amount on BiggerPockets is always lower than number generated by https://www.mortgagecalculator.com .
Do you know if one is more reliable than the other? (I've been using the same numbers, same interests, etc)
Anyone else did that compare and noticed the gap? I'm personally getting 208.64 difference for those numbers:
- Mortgage Calculator.com: 1496.64
- BiggerPocket report: 1288.30
Here is the BiggerPocket Rental report for the simulation:
1839 Azalea Ave, Winter Park, Florida, 32789
Thoughts?