Diamond Financial Services They are offering me a $500,000 loan for 30 yrs. @ 2% but the calculation don't add up I need to pay $1356 in loan fees I just need to to check them out Kuala Lumpur Malaysia

This company is offering me a $500,000 loan @ 2% for 30 years. interest for 30 yrs comes to $30,000. They take $500,000 times .02 for a total of $30,000. The total of $530,000 then is divided by the total number of payments which is 360, and my payment comes up to $1472.22. You and I know that this is not the way we figure interest and payments. If this is legitiment, this would not be a bad loan, because the interest comes out to be .391%. this is what made me think twice about it and to get in touch with you before someone does pay the the loan fees. Please get back to me as soon as you find out something
Thanks

Mike
Cheyenne, Wyoming
U.S.A.