Hi AnnieB
I ran the numbers through my calculator and the result is much closer to the PIA software, than the other one you used.
income $220pw with 2% vacancy rate= $11,211.20pa
loan expenses (106% of $195,000, assume IO)= 31200 @ 6.25% + $175,
[email protected]= $10,617.75+$1,950.00= $12,567.75...