1.9.8 Mortgage/Loan Druid

[Derek Atkins]

Jim Karcz <jkarcz at gmail.com> writes:

> I attempted to create a 30yr mortgage which I am about 2 years into. My 
> thought was I could just enter the previous 24 past transactions 
> automatically, then delete the old ones originally from my QIF import. I 
> entered the loan as a basic fixed interest rate with 360 payments 
> starting in 6/2004.  The druid presents a list of Principal and 
> Interest, P+I, calculations which appear to be within $0.01 here or 
> there.  Looks good so far.
>
> When it comes time to enter the scheduled transactions, The P+I for the 
> first payment in 6/2004, seems to use the P+I for the next payment, 
> 7/2006. This appears to be a bug in the scheduled transaction creation 
>>From the Mortgage/Loan druid.

You probably chose the wrong choice for "beginning" or "end" of
period.  Perhaps the M&LD should have a first-year amortization table
available before you "finish" the process?

> Thanks,
> Jim

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available