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Correcting pay off date on a loan

timjimbob

I do not download bank info. I cannot correct payoff date on a loan.
Is there a way to change pay-off date without reentering all loan information.
I have tried that and cannot get it to work out correctly.

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UKR

Escrow should be defined in Quicken as a separate asset account and recorded as if it was a transfer to the asset account. Here's an example of how this should look like:

Image: https://us.v-cdn.net/6031128/uploads/editor/d5/u35ddddr07ad.png

The total amount of all 4 lines matches the amount transferred to the mortgage company.

All comments

UKR

More details, please.
Is this a traditional mortgage, an automobile loan or something else?
Why does the payoff date not match the mortgage statement?
Do the payment details entered into your manual Quicken loan account register not match the mortgage statement?

Have you corrected actual principal and interest amounts calculated by Quicken to what was actually charged in the mortgage statement for past payments?

timjimbob

30 year mortgage.
I found loan length was correct but payment amount had included escrow also. Re entered p+I and excluded escrow. Now, loan length is correct.

UKR

Escrow should be defined in Quicken as a separate asset account and recorded as if it was a transfer to the asset account. Here's an example of how this should look like:

The total amount of all 4 lines matches the amount transferred to the mortgage company.