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?

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.

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.