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QuickPay loan payment

Will a Quick Pay loan payment calculate P & I according to the amortization schedule?

Comments

  • UKR
    UKR SuperUser ✭✭✭✭✭
    This is not a function of Quick Pay.
    It is, however, a function of the loan setup process in Quicken where you can create a Scheduled Reminder with the required Split detail for Principal, Interest, Additional Principal and transfer to Escrow.
    After the loan setup you can decide if the reminder should be paid with Quick Pay or Check Pay.
    I have always allowed the mortgage company to withdraw the monthly payment directly from my Checking account and used the Scheduled Reminder to create the payment transactions within Quicken.
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