Change to mortgage P&I caused by extra payment

[Derek Atkins]

Hi,

JimR <KD1YV at oneyv.org> writes:

> However, my "Mortgage and Loan Repayment" in GNUcash does not
> recognize this.  What is the correct process to make this work? Do I
> have to delete the saved template in the M&LR template, and enter a
> new one with the adjusted outstanding principal?  I try to make these
> extra payments once a year, so that would be a bit of a pain.

The P/I/PMT functions don't take into account overpayments at all.
There is no "Balance-As-Of-Date" function which would be required to
auto-compute the actual P/I split for a particular payment, and if there
were such a function, there's no UI to tie it properly into the account.

What I do is just ignore the GnuCash P/I split and manually adjust it
when I get my monthly bill.

> Suggestions?

-derek

-- 
       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
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