How do I setup a loan using the 365/360 calculation method in Quicken?

nholder
nholder Member ✭
edited February 2022 in Registers & Transactions (Windows)
I recently opened a mortgage that uses the 365/360 calculation method to determine the payment schedule. How do I set this up in Quicken?

Best Answer

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Quicken doesn't support this type of loan calculation ... only the traditional "monthly interest" type of loan.
    You'll need to input the payment splits for this loan manually.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP

Answers

  • NotACPA
    NotACPA SuperUser ✭✭✭✭✭
    Answer ✓
    Quicken doesn't support this type of loan calculation ... only the traditional "monthly interest" type of loan.
    You'll need to input the payment splits for this loan manually.
    Q user since DOS version 5
    Now running Quicken Windows Subscription, Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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