Re: Loan accounts

John,

1st question - I don't know since I do not use that calculator.

2nd - It is a fee to make/process the loan usually charged by the 
lending institution.

3rd - Most likely the principal adjustment will also be an adjustment to 
the interest expense in an equal amount.  At least that is my guess 
without looking at the annual bank reports of principal balance, 
interest expense and impound account transactions (if any) and comparing 
those numbers to the Moneydance calculator.

   Ed Melia, Sacramento, CA

On 10/13/2011 3:31 AM, John Sampson wrote:
> Hello -
>
> More on loans: I have a loan where there is an option to repay parts 
> of it in
> amounts and at times of the borrower's choice. Can this be catered for 
> in the
> loan calculator?
>
> What are loan points?
>
> I am about to pay off a loan early, which involves a fee. The figure 
> shown in
> the Moneydance as present balance does not agree with the company's
> figure so I will have to record the difference in some way. Any advice
> would be appreciated.
>
> Regards
>
> _John Sampson_
>
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