How can I add extra principal payments to a Mortgage?
This question was taken from the email list archive and there appear to be two answers. The first option is to record the transaction as normal and then add a split that goes to the loan with the extra principal amount. The second option is to add the extra principal to mortgage amount. In either case, MoneyDance should handle all the hard stuff, such as calculating your next payment correctly, adjusting the remaining number of payments, and anything else.
-
Basics
-
Frequently Asked Questions
- Can I set a Starting Balance for my checking/savings/etc. Account?
- Can you change the word "Check" to "Cheque" anywhere in the programme?
- Does Moneydance allow for assigning 'classes' to transactions?
- How can I add extra principal payments to a Mortgage?
- How can I edit the items that show up in the "Check#" list (i.e., , Dep, Trn, etc.) ?
- View all (42 more)
-
Moneydance 2012
-
Documentation
-
iPhone, iPad, and iPod Touch app instructions
- Video Tutorial- How to Sync Moneydance 2011 and earlier via Dropbox with you iPhone, iPad, or iPod Touch
- How to sync with Moneydance 2008, 2010, and 2011
- How do I delete a transaction on the iPhone, iPad, or iPod touch?
- How to sync with Moneydance 2012
- How to sync one data file with multiple iOS devices using different Dropbox accounts
- View all
-
Importing data from other programs
-
Investments
-
Linux
-
Advanced Topics