GNUCash and Canadian (Ontario) Mortgages
Mark Johnson
mrj001 at shaw.ca
Wed Oct 11 22:18:51 EDT 2006
I almost hate to say it: RTFM (Read the fine mortgage :-) (Sorry,
couldn't resist.)
The way mine is written (Calgary, AB), the interest is added on every
six months, and then my payments go against the total. Unfortunately, I
did not find my fine mortgage to be clearly written. I had to spend an
hour or two with a spreadsheet trying different scenarios for
calculating the interest before I managed to get my interest calculation
agreeing with their total (within <$1) of what the mortgage said I would
pay.
I'm guessing from your post that your mortgage interest is calculated
differently. I suspect you may need to calculate it outside of gnucash
too and manually enter it like I did. Probably not the answer you were
hoping for....
Mark
Jason wrote:
>I've just recently gotten myself my first mortgage. Yay. I think ;)
>
>I'm having problems getting GNUCash to properly recognize it. I have a
>statement here from the bank with all the info on it, but when I try to
>use it, GNUCash wants to make payments that are totally out of whack
>with what the bank says it should be.
>
>Has anyone else used GNUCash with a Canadian/Ontario mortgage? How did
>you make it work properly? Right now, I'm calling my bank every two
>weeks to ask how much of my payment went to principle vs. interest...
>I'd like to be able to do it independently of the bank!
>
>Thanks
>
>Jason
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