Question Regarding Refiance

f_stopblues · May 2020

So I recently closed on a refinance, and before the refi, the remaining balance was $393,151. After it closed, the balance on the new refi is $394,000. How should I account for the difference of $849?

Boatnmaniac · May 2020

You should set up a new mortgage account for the refi. Then pay off the old mortgage with a transfer transaction from the new mortgage account and enter additional category lines for the other miscellaneous closing costs associated with a refi (such as, old mortgage interest, points, etc.). You might find the following thread helpful: https://community.quicken.com/discussion/comment/20087981#Comment_20087981.

Boatnmaniac · May 2020

You should set up a new mortgage account for the refi. Then pay off the old mortgage with a transfer transaction from the new mortgage account and enter additional category lines for the other miscellaneous closing costs associated with a refi (such as, old mortgage interest, points, etc.). You might find the following thread helpful: https://community.quicken.com/discussion/comment/20087981#Comment_20087981.

Question Regarding Refiance

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