Loan Extra Principal Payment Removed Regular Loan Payment from Balance Forecast

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basketcatch
basketcatch Member ✭✭
edited February 2023 in Budgeting and Planning Tools (Windows)
I'm starting to make an extra separate principal interest on a loan. After I entered the first one, the balance graph forecast is no longer accounting for the monthly regular loan payment.

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  • UKR
    UKR SuperUser ✭✭✭✭✭
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    Will you be making regular monthly extra loan payments from now on?
    If so, you need to edit the loan payment details to add the extra payment to its own, separate line, leaving the calculated principal and interest amounts unchanged.
    This will result in an updated Loan Reminder and correctly updated loan details and payment schedule.
    If you make a one-time payment create a transfer from checking to loan account with the same split lines, except put extra principal amount on line 3 and set amounts on lines 1, 2 and 4 to 0.00
  • basketcatch
    basketcatch Member ✭✭
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    Excellent, UKR. That seemed to work on forecast balance graph. Thanks for the response and the help.
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