[GNC] Mortgage with daily applied interest

[R Losey]

Well, handling it as a split is easy -- your mortgage holder should provide
the balance due after each payment, so the "payment" comes out of a bank
account (presumably), and you'd have split #1: principal (old balance - new
balance); split #2 [optional] escrow payment; split #3 - remaining amount
is interest.

>From subsequent posts, it looks like the attempt is automating it. In such
situations, I created a monthly scheduled transactions with something like
"ADJUST THE INTEREST" in the Notes field, which reminds me to correct the
entry, and then I erase the Notes field. It's not automated, but it's close.


On Sat, Jul 12, 2025 at 12:15 PM Henrik Morsing <henrik at morsing.cc> wrote:

>
> Good morning,
>
> I started using GNUCash a few years ago but I have never managed to get my
> mortgage payments to work as a proper split expense. I have tried using the
> mortgage tool but, just like my HP 48G calculator, it gets the amount wrong
> and I think it is because my lender applies interest daily.
>
> Is this very unusual and is there a way to get this to work in GNUCash?
>
> Regards,
> Henrik Morsing
> --
>
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-- 
_________________________________
Richard Losey
rlosey at gmail.com
Micah 6:8