Loan Amortization Schedule

Jmansdad

I just refinanced an auto loan and set it up in Quicken. Why is the amortization schedule displayed in such a small box that you can't see all the columns?

NotACPA

Actually, the size of the schedule is immaterial ... because your Auto loan is, almost certainly, a "Daily Interest Loan" (where the interest due for the next period is dependent upon the # of days in the month AND when you paid this month's bill).

The Q amortization tool can only accurately calculate the amortization schedule for "Monthly Interest Loans" such as a traditional mortgage.

SO, even if you could see it ... it would be wrong.

Your best bet is just to let Q guess at the interest due, and then edit the payment when you get the next statement.

NotACPA

Actually, the size of the schedule is immaterial ... because your Auto loan is, almost certainly, a "Daily Interest Loan" (where the interest due for the next period is dependent upon the # of days in the month AND when you paid this month's bill).

The Q amortization tool can only accurately calculate the amortization schedule for "Monthly Interest Loans" such as a traditional mortgage.

SO, even if you could see it ... it would be wrong.

Your best bet is just to let Q guess at the interest due, and then edit the payment when you get the next statement.