Incorrect Mortgage Amortization Table - Quicken for Mac Deluxe
gwz_jr Member ✭✭
edited April 2022 in Errors and Troubleshooting (Mac)
The amortization table for mortgage loans is being calculated incorrectly. For some reason it seems to be off by one month. e.g. Correct solution: Loan balance after 3/1 payment is 280,571.88 at 3.25%/year = Interest payment of 759.88 on 4/1. However Quicken calculates $762.04 which was the interest payment on 3/1.
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