Mortgage amortization table

[Dennis Muhlestein]

Marty Fix wrote:
> Hi all,
> 	I am trying to setup a mortgage in Gnucash 2.2.8, but cannot seem to  
> get the correct values for principal and interest.  The values I am  
> using in the loan druid is
> 
> Amount: 		101,000.00
> Interest Rate: 	6.875%
> Start Date: 		7/12/2001
> Length:			180 Months
> Repayment:		Starting 9/1/2001 on the 1st of every month
> 
> Every other mortgage calculator I use (including my bank)  says the  
> first payment on 9/1/2001 is $900.78		322.13 Principal and 587.65  
> Interest
> The loan druid gives me a first payment on 9/1/2001 of  
> 900.77												323.97 Principal and 576.80 Interest
> 
> I can understand the .01 payment difference but not the large  
> difference in principal and interest.  Am I using the druid wrong, or  
> are the calculations in error?

Have you tried adjusting the point at which the interest is collected? 
Seems I recall having some settings for beginning, end, etc of period.

-Dennis