[GNC] How to use Mortgage and Loan repayment with a different monthly payment.
peter_cd.cn
peter_cd.cn at hotmail.com
Mon Jan 21 14:05:18 EST 2019
Hi,
I am having trouble schedule monthly payment with Mortgage and Loan
repayment program. It doesn't work for my use case. I wonder if there is a
better solution or am I using it incorrectly.
I have a 180 months (15yr) mortgage with 4% interest rate. Original loan
amount 300,000. Starting date 07/01/2017. Scheduled payment is
2500.00(principle+interests) per month, but instead I have been making
3000.00 every month. (500 extra go towards principle)
(Above numbers are made up numbers)
When I finish the wizard in mortgage loan repayment program, it gives me a
scheduled split-transaction correctly as $2500 every month.
There is no place for me to put my customized monthly payment. Therefore,
the interest and remaining principle is all out of sync.
Can someone help? I found a solution
<http://gnucash.1415818.n4.nabble.com/Loan-Mortgage-payments-with-quot-adjusted-quot-principle-eg-after-an-extra-principle-payment-SOLVED-td4692686.html>
on the forum, but I had a question on how to use a customized formula in a
scheduled transaction.
Does anyone have any suggestions?
--
Sent from: http://gnucash.1415818.n4.nabble.com/GnuCash-User-f1415819.html
More information about the gnucash-user
mailing list