THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
They do this beyond just in the estimator. I've got a home loan I took out a couple years ago and their math did the same funny magic. I also just went and tried to see what would happen if I logged in and applied for a loan to see if the numbers would be right. They still came out with payments similar to the "estimator."
Maybe they use tables instead of a formula, similar to tax tables. Now that's something I can see happening.
Fabijo:
When you take out a TSP loan, you are also charged a $50 fee for doing the loan.
Add $50 to the amount you are financing, and see if that covers the difference.
(p.s.- and you aren't going to get exactly 26 pay periods every year. Some years have an extra one. )
Yes, I saw that. So for $10,000 at 2.5% on TSP site, it says $82.06 for 130 payments with total interest @ $666.67.
Putting those numbers into standard loan payment formulas, you get $81.87 for 130 payments with interest @ $643.10
....
When I got my loan out in 2008, the rate was 3.375% and they also gave me a different number than what is calculated using standard formulas.
I'm really leaning toward them using some form of payment tables.
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