Re: Mortgage amortization no longer working properly

Kobac <slatus@*delete_this_part_to_reply*optonline.net>
Newsgroups alt.comp.software.financial.quicken
Organization A noiseless patient Spider
Message-ID <[email protected]> 
On 01/22/2023 10:21 AM, John Pollard wrote:
> 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.]

The latest Quicken update R47.11 HF1 is supposed to fix the problem 
according to the release notes. I will try it out next week when I make 
our mortgage payment.
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