Re: Mortgage amortization no longer working properly

"JohnA" <[email protected]> Thu, 30 Jan 2025 11:35:21 -0500
Newsgroups alt.comp.software.financial.quicken
Message-ID <[email protected]>
For whatever it's worth, after painfully fixing a similar problem with 
loan/mortgage splits last year, I haven't seen this problem again. I'm 
currently running R60.20 of Quicken Premier on Windows.

"Kobac"  wrote in message news:[email protected]...

Quicken has been properly amortizing our mortgage payments since 2012.
After I entered this month's payment from the Bill and Income Reminders
window as I always do, I switched to the mortgage account register to
verify the current mortgage balance. I saw that, not only had the
balance not changed since last month, there was no payment transaction
for this month shown in the mortgage account register. I switched back
to our checking account register and opened the split transaction window
for the payment transaction I had just entered. The split transaction
window listed the mortgage principal and the interest expense
categories, but the entire payment was allocated to a blank line with no
assigned category. All the loan details in the mortgage account look OK;
the monthly payment is shown properly allocated between principal and
interest, but it doesn't get entered that way. The next scheduled
transaction shows the same thing—a split transaction showing the
mortgage principal and interest expense categories, but the entire
payment is being allocated to a blank line with no assigned category.

It looks to me that my problem is very likely related to one of the
Quicken updates done between December 13 and January 12 since I had no
issue when I entered my December 12 mortgage payment. I'm currently
running version R46.12, build 27.1.46.12 under 64-bit Windows 10 Pro.
I've been on the Quicken subscription model for the past 4 years and
install any Quicken updates whenever they are offered to me.

I suspect an issue with a Quicken update because I restored various
(about 6 or 7) Quicken backups earlier today stretching all the way back
to January 2022 (last year). In every one of those restored files, the
bill reminder in the Bill and Income Reminders list did NOT allocate any
amounts to either mortgage principal or interest expense but instead
entered the entire payment amount to a blank line in the split
transaction with NO category. All prior mortgage payments going back
over 10 years were allocated properly by Quicken.

Any help would be greatly appreciated.