Loan Payment calculation

Jim Douthit

Quicken Premier Year 2020 Version 31.12 Build 27.1.31.12
This is a 15 year load which has been working somewhat correctly for 10 years. Beginning with my most recent payment the principal amount is incorrect (64. higher than it should be) . After my December payment I updated the payment to reflect new escrow amount. I believe the Jan payment was correct. There has been no change in interest rate and the interest amount is correct.

An additional issue which I have put up with for a long time is the principal amount is entered as a negative number and an extra positive entry of double the principal is created to offset the negative.

I don't know how to capture the screen images to show the problem

Sherlock

On Windows, the built-in Snipping Tool and the Snip & Sketch programs may be used to capture the screen images.

Jim Douthit

This is the best I could do. Hope it works.

Sherlock

The loan payment reminder does appear to be corrupt.  I suggest recreating the loan account following the guidance provided in:  FAQ: How do I convert a loan account that automatically downloads transactions, to a manual entry/sc

Jim Douthit

This loan is not an auto download. The transaction is generated by Quicken based on the loan definition

Sherlock

Jim Douthit said:

This loan is not an auto download. The transaction is generated by Quicken based on the loan definition

I did not say This loan is an auto download.  I suggest you follow the guidance because it shows you how to create a new offline loan with a new payment reminder and how to move the transactions from the original loan.