Setting up recurring mortgage payment

[Derek Atkins]

Hi,

I think there is a way -- you can set the number of "months remaining"
on the first page of the M&L Druid (along with the length of the
mortgage).  So e.g. you can set it to 360 months, with 264 months
remaining.

-derek

Scott Roe <scott384 at hotmail.com> writes:

> Hi John:
>
> Thanks for that.  Since the mortgage has been running for 8 years,
> David told me there is no way to jump in on a mortgage already
> underway so I've reverted to manually putting in the transactions.
>
> Thanks,
>
> Scott
>
>> Subject: Re: Setting up recurring mortgage payment
>> From: jralls at ceridwen.us
>> Date: Tue, 30 Sep 2014 15:02:08 -0700
>> CC: gnucash-user at lists.gnucash.org
>> To: scott384 at hotmail.com
>> 
>> 
>> On Sep 26, 2014, at 4:01 PM, John Ralls <jralls at ceridwen.us> wrote:
>> 
>> > 
>> > On Sep 26, 2014, at 2:03 PM, Scott Roe <scott384 at hotmail.com> wrote:
>> > 
>> >> Hi John:
>> >> 
>> >> Just a quick note to thank you again for your assistance below.
>> >> The initial cause of my errors with split entry were the two
>> >> currencies, and from there I discovered, through further
>> >> investigation, and some trial and error, that I was making
>> >> several other small errors, and many of the split entries were in
>> >> the imbalance folder, and I was able to clear them all off.
>> >> 
>> >> I have another issue and I've been trying to make it work with no
>> >> success, so hope you don't mind me asking. I have a mortgage that
>> >> I've been paying for 8 years.  Originally a 20 year mortgage,
>> >> I've made some extra payments over time.  I would now like to set
>> >> up the loan recurring payments in gnucash to save manually
>> >> entering them and be able to calculate my interest paid at the
>> >> end of the year for my tax filing rather then to ask the Bank
>> >> every year to give me the figure.  I was attempting to take the
>> >> remaining principal, the interest rate, the payment frequency,
>> >> and payment amount to set up the recurring.  It is a weekly paid
>> >> mortgage, and when I complete the mortgage loan wizard, the
>> >> principal and interest are the monthly amounts although I've
>> >> entered weekly everywhere that I can.
>> >> 
>> >> Any assistance appreciated,
>> > 
>> > Scott,
>> > 
>> > Please use the mailing list for all questions. There are more
>> > developers there along with a bunch of expert users, so you'll
>> > have a better chance of getting a useful answer from the list than
>> > from a single developer. That's especially true in this case, as
>> > I'm not particularly familiar with the Mortgage Assistant.
>> > 
>> > The setting for how often the scheduled transaction runs is set on
>> > the editor's Frequency tab, but changing that isn't going to help
>> > much if the Mortgage Assistant insists on calculating the monthly
>> > amount. Is that the case?
>> 
>> I just tested this and setting the frequency to “weekly” and picking
>> a day (I picked Friday) in the “Repayment Frequency” box on the
>> fourth screen of the assistant, the one where you also set the
>> payment-from and interest-to accounts, generated a correct SX with
>> weekly payments.
>> 
>> Regards,
>> John Ralls
>> 
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-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
       warlord at MIT.EDU                        PGP key available