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Loan Issues

Heather118

I'm trying to add a new loan and entering my loan details per my contract, however, my monthly payment in Quicken does not reflect what my monthly payment is per my loan agreement. When I try to adjust the payment amount, it adds the extra amount as an extra principle payment. Why can I not get the information I enter to match?

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NotACPA

Using both Excel & Quicken, I'm getting a result of $215.35

You probably need to ask your bank if there are any fees, or other payments, in their calculated value.

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NotACPA

You need to tell us the info about the loan, so that we can run the calculations ourselves.

Also, what Q product are you running and what BUILD of that product? Do HELP, About Quicken for this info.

Heather118

Quicken Home, Business & Rental Property. 20202, version R30.14 Build 27.1.30.14

3.75% interest, 30 years origination amount $46,500. Payment amount $228.00

NotACPA

Using both Excel & Quicken, I'm getting a result of $215.35

You probably need to ask your bank if there are any fees, or other payments, in their calculated value.