Mortgages

[Aaron Laws]

I handle this with transactions that look like this:

assets:current:checking  Cr  x
liabilities:mortgage Dr <principal paid>
expenses:loans:mortgage interest  Dr <interest paid>
expenses:loans:mortgage insurance Dr <PMI>
assets:escrow Dr <tax escrow paid>


Or something along those lines. I don't set it up as a scheduled
transaction, but rather, when filling out the transaction, auto-complete
the description of the transaction, and gnucash remembers everything from
last time around. I adjust the principal and interest, and I think
everything else stays the same most of the time.


In Christ,
Aaron Laws


On Sat, Jul 19, 2014 at 10:16 AM, Quark Z. <zquark32 at gmail.com> wrote:

> Is there a better way to set up the accounts for a Mortgage that already
> exists instead of using the Scheduled Transactions -> Mortgage & Loans deal?
>
> I wanted to run this by you guys.  I already have the information from my
> mortgage company about regarding each payment for the following items:
>
> Principal paid
> Interest paid
> PMI Paid
> Escrow balance
> Principal balance
>
> I was thinking if I created it as a split, then I could be more exact than
> the schedule payments deal, which seems a little clunky to me.
>
> Any thoughts on this?
>
> Thanks,
>
> Lou
>
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