Re: Mortgage amortization no longer working properly

On Sunday, January 22, 2023 at 8:33:22 AM UTC-6, Kobac wrote:

> I always had to adjust Quicken's amortization anyway for each payment—
> a penny or two for the mortgage and a few dollars for the auto loan.

Any loan that is not a traditional mortgage loan 
will likely have to have the principal/interest split manually modified for every payment.

But in my experience, Quicken gets the principal/interest split correct for all traditional 
mortgage loan payments. If there is any slight difference in the traditional mortgage loan
setup between Quicken and the financial institution (such as Start Date, for example), 
that can throw the split off.

[Quicken makes derives every loan payment principal/interest split from the loan Payment Schedule 
it computes at the conclusion of the loan setup process.]