Mortgage amortization table

[Tim Wunder]

On Thursday 18 December 2008 11:29:51 pm 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?
>

Is this what you're seeing?
http://bugzilla.gnome.org/show_bug.cgi?id=506807

Tim
-- 
Fedora Core release 6 (Zod), Linux 2.6.22.14-72.fc6
KDE: 3.5.8-1 Fedora
 11:40:01 up 18 days, 22:32,  2 users,  load average: 0.80, 0.69, 0.56
"It's what you learn after you know it all that counts" John Wooden
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Type: application/pgp-signature
Size: 189 bytes
Desc: This is a digitally signed message part.
Url : http://lists.gnucash.org/pipermail/gnucash-user/attachments/20081219/638ad3c9/attachment.bin