Cool story bro.
I went on a mortgage calculator which said I would pay $1654 per month or 397 each week. And 397×4 is less than 1654
Yeah, you might want to check that with your bank.
I think I worked out where I went wrong. There are 12 months in a year. Which often works out to be more than 4 weeks. So 12 ÷ 4= 48 weeksWhere as if you go by weeks per year its 52 weeks.So basically I assumed a month = 4×7 days when it usually is a bit longer
Can you set your mortgage repayment to weekly rather than monthly?
I think I worked out where I went wrong. I clicked the monthly option and assumed monthly = 4 weeks. But monthly usually slightly more than 4 weeks.
I'm sure you can work it out with your bank
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