Am I missing something?

[2014repair]

I applied and was approved for a auto loan refinance.  I am financing $22,000 and was quoted a rate of 2.89% for 60 months.  In the email the CU sent me they are saying the payments will be $426.68/month.  All of the auto loan calculators that I have used are showing that the payment for those terms should be right around $390/month.  Am I missing something or does the credit union have something wrong?  I have a call into them now to clarify this but was just trying to see if there is maybe something I am missing with my calculations.

[sccredit]

Ya, big difference in payment.  Should be about $$395

[2014repair]

Thats what I was thinking.  I will let you know what they say when I talk to them.

[SamsungHDTV]

I also found $395. When I used chase.com auto calc it was off by $1 when I calculated my personal auto loan.

[2014repair]

Just got off the phone with the credit union and they automaticaly quote with an insurance policy added to it.  The policy pays the loan if I am out of work for an extended period of time or anything like that.  I am able to opt out of that coverage and payments are now $394.71/month.  

[SamsungHDTV]

I was thinking they were adding some product. That's more like it.

[sccredit]

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@2014repair wrote:

Just got off the phone with the credit union and they automaticaly quote with an insurance policy added to it.  The policy pays the loan if I am out of work for an extended period of time or anything like that.  I am able to opt out of that coverage and payments are now $394.71/month.  

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A disability policy for $30 a month?  OUCH!!