[GNC] Mortgage & Loan Repayment schedule tool

[Adrien Monteleone]

You entered several payments manually, *then* decided to use the tool, and are confused as to why the tool doesn’t reflect your manually entered payments?

*I’m* confused as to why you think it would.

But my advice would be to either abandon the tool, or fix the manual entries to accommodate the tool. Then all will be well regardless of the choice.

I’m no expert on the loan druid/wizard (whatever it is called) but I’d hazard the guess to otherwise, use 2/1/20 as the next payment date, *AND* use the balance as of that date, not the original loan balance. This may or may not accurately calculate your actual payments. Since you are only less than a year out, I’d personally opt to fix the historical transactions and stick with the original loan numbers.

Finally, be certain to read over the Tutorial & Concepts guide concerning loans/mortgages to make sure you aren’t stumbling on any pitfalls/sandtraps. While the GnuCash workflow for many if not most things is fairly reasonable, it is based on standard accounting practices which most people are not familiar with in their personal finances. Thus, some things are not at first, as intuitive as you might expect.

Regards,
Adrien

> On Jan 10, 2020 w2d10, at 9:54 PM, Don Ireland <gnuCash at donireland.com> wrote:
> 
> I have a mortgage on my home that I bought in March 2019.  I used the mortgage & loan repayment schedule tool to schedule my monthly payments.  When it asked for the loan beginning date, I entered 3/1/19 thinking it would need that to accurately calculate the payments.  When I look at the resulting scheduled transaction, I see that it thinks the "next payment date" is April 1, 2019.
> 
> If I chang that date to 2/1/20, will that mess things up?
> 
> I already manually entered all the payments that I've already made so I don't need it to do that for me.
> 
> Thanks!
> Don Ireland