Quicken re-calculate/calculate the interest owed

System
System Member admin
in Budgeting and Planning Tools (Windows)
This discussion was created from comments split from: Recording NegAm Loan?.

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  • sbarkermortgage
    sbarkermortgage Member ✭✭
    Does Quicken re-calculate/calculate the interest owed each month? With a negative amortizing loan the monthly interest that is accrued, but is not paid, adds back to the principal. This means that after each payment the principal balance is larger and therefore the monthly interest accrued would be larger. Does Quicken take this into account?
  • Quicken_Natalie
    Quicken_Natalie Moderator mod
    Hello @sbarkermortgage,

    Thank you for taking the time to visit the Community and post your question, although I apologize that you have not yet received a response.

    If you are still needing assistance with loan amortization in Quicken, please take a moment and review the information available here and post back to let us know what version and release of Quicken you're using.

    If you have not already done so, please take a moment to review the information available here for more details on loan tracking in Quicken.

    Hope this helps!

    -Quicken Natalie

     
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