Mortgage Prepayment / Loan Druid
adam at rosi-kessel.org
Mon May 22 17:53:50 EDT 2006
Elizabeth Dodd wrote:
> On Monday 22 May 2006 22:43, Adam Rosi-Kessel wrote:
>> Would creating a new mortgage, starting now with the current principal, for
>> 30 years minus the number of months that have already passed since the
>> start of my real mortgage, work? Or does amortization not work that way?
> It should work, but how to do it depends on whether you are going back to the
> original payment or now paying for less months
I'm not sure I understand what you are saying. My 30-year mortgage started
in August 2004. I've been paying every month, except that one month I
accidentally paid some extra and now the druid amounts don't match the
actual statement from the bank.
Should I just do a 340 month mortgage (360 months minus the time past since
August 2004) with the current principal? Or are you suggesting something
else might be necessary?
-------------- next part --------------
A non-text attachment was scrubbed...
Size: 250 bytes
Desc: OpenPGP digital signature
Url : http://lists.gnucash.org/pipermail/gnucash-user/attachments/20060522/03882b0f/signature.bin
More information about the gnucash-user