f****t
发帖数: 1063 | 1 On the montly statement, there is an interest amount (in addition to prinpal
payment, escow payment). my statement for Jan payment and Dec payment is
1206 and 1207. So I expect the Feb is 1205.
For my load the daily interest is about 40. Now comes the weird part for the
closing date of refi payoff amount. If the close date is 1/30, and the
interest added on is 1148; if 1/31, then 1188; but if 2/1, then 1205 (same
as I expected). So why the increase is only about 17 from 1/31 to 2/1, not
40???
An | K****D
发帖数: 30533 | 2 Maybe because only half of the months has 31 days? @_@
prinpal
the
【在 f****t 的大作中提到】
: On the montly statement, there is an interest amount (in addition to prinpal
: payment, escow payment). my statement for Jan payment and Dec payment is
: 1206 and 1207. So I expect the Feb is 1205.
: For my load the daily interest is about 40. Now comes the weird part for the
: closing date of refi payoff amount. If the close date is 1/30, and the
: interest added on is 1148; if 1/31, then 1188; but if 2/1, then 1205 (same
: as I expected). So why the increase is only about 17 from 1/31 to 2/1, not
: 40???
: An
| f****t
发帖数: 1063 | 3 so some arbitrage here?
【在 K****D 的大作中提到】
: Maybe because only half of the months has 31 days? @_@
:
: prinpal
: the
| K****D
发帖数: 30533 | 4 You mean arbitrage?
【在 f****t 的大作中提到】
: so some arbitrage here?
| f****t
发帖数: 1063 | 5 thanks. correct it.
(like dividend day, the stock price needs to be modified, otherwise ...)
【在 K****D 的大作中提到】
: You mean arbitrage?
| K****D
发帖数: 30533 | 6 But how do you do it? Pay on the 1st instead of 31st (if there is a 31st)?
【在 f****t 的大作中提到】
: thanks. correct it.
: (like dividend day, the stock price needs to be modified, otherwise ...)
| f****t
发帖数: 1063 | 7 for me, maybe not.
for investor, consider you can buy a package of milinions of mortgage, the
one day difference would be a big things: whether the interest is charged on
30 days, or 31 days.
【在 K****D 的大作中提到】
: But how do you do it? Pay on the 1st instead of 31st (if there is a 31st)?
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