Online Amortization Calculator Can Someone Explain To Me How A 365/360 Amortization Works?

Can someone explain to me how a 365/360 amortization works? - online amortization calculator

We have loan documents, the higher cost of $ 37 per month if there is a simple calculation of depreciation, as you would be online on a simulator. It is about $ 7000 more in the life of the loan. We feel a little "bait and switch occurred.