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Using the "What if" function for loan projections

I just setup my mortgage loan and in the "What if" page entered this scenario:
"what if I paid an extra 900 in principal per payment (Monthly)"
The result was that my payoff date stays at 30 years and despite making more than double principle payments every month I only save $1142.2 in interest.
This is clearly not making an extra $900 per month but only a single $900 payment. So some programmer needs to fix this! I get the exact same result if I propose a one time payment of $900.
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Best Answer

  • Poppie
    Poppie Member
    Accepted Answer
    Going to FILE>FILE OPERATIONS>VALIDATE AND REPAIR solved the problem

Answers

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    I'm not able to reproduce the issue you have described on R31.12.

    Note:  If you want to report a problem to Quicken, I suggest you select Help > Report a problem... or contact Quicken Support
  • Poppie
    Poppie Member
    Accepted Answer
    Going to FILE>FILE OPERATIONS>VALIDATE AND REPAIR solved the problem
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