Setting up recurring mortgage payment

[Scott Roe]

Hi Derek:

Thanks, I'll try that!

Scott 

> From: warlord at MIT.EDU
> To: scott384 at hotmail.com
> CC: jralls at ceridwen.us; gnucash-user at lists.gnucash.org
> Subject: Re: Setting up recurring mortgage payment
> Date: Fri, 3 Oct 2014 11:59:57 -0400
> 
> 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