MS Money Mortgage Account

I currently running MSM03. I have a mortgage account set up for the
monthly payments. I set the account up based upon the amount of loan,
monthly payment, rate and escrow details. When I pay the mortgage from
my checking account, it automatically calculates the principal and
interest per the orignal set up.

Recently the calculated values are incorrect. For instance this month,
an 1,800.00 payment should have calculated the payment to be ~801 (P)
and ~789 (I), plus fixed excrow. It instead calculates tne principal
as ~1,500.00 splits the fixed escrow and then calculates the interest
as what is left over. I certainly see the opportunity to pay off the
mortgage quicker but I don't think the bank will believe me.

Help??
MLWEST

Richard
Fri Aug 12 19:12:54 CDT 2005

Are you using the special "loan payment" category? It's at the end of the
category list.

--

"mlw734" <mlwest@chartertn.net> wrote in message
news:1123889761.124244.46100@g44g2000cwa.googlegroups.com...
>I currently running MSM03. I have a mortgage account set up for the
> monthly payments. I set the account up based upon the amount of loan,
> monthly payment, rate and escrow details. When I pay the mortgage from
> my checking account, it automatically calculates the principal and
> interest per the orignal set up.
>
> Recently the calculated values are incorrect. For instance this month,
> an 1,800.00 payment should have calculated the payment to be ~801 (P)
> and ~789 (I), plus fixed excrow. It instead calculates tne principal
> as ~1,500.00 splits the fixed escrow and then calculates the interest
> as what is left over. I certainly see the opportunity to pay off the
> mortgage quicker but I don't think the bank will believe me.
>
> Help??
> MLWEST
>

mlw734
Sat Aug 13 19:22:32 CDT 2005

Yes I am. But the problem is inconsistency in the values it
calculates. Some months it calculates the principal and interest right
on. Other months I get results similar to listed in thread.

Is there a problem with Loan Payment Category?

Richard
Sun Aug 14 18:37:10 CDT 2005

I'm unaware of any specific problems with the loan payment category and have
not seen what you're seeing. I'm at a loss for what might be causing the
problem.

--

"mlw734" <mlwest@chartertn.net> wrote in message
news:1123978952.321775.303720@g47g2000cwa.googlegroups.com...
> Yes I am. But the problem is inconsistency in the values it
> calculates. Some months it calculates the principal and interest right
> on. Other months I get results similar to listed in thread.
>
> Is there a problem with Loan Payment Category?
>

mlw734
Sun Aug 14 22:39:08 CDT 2005

Thanks

Glyn
Mon Aug 15 02:13:27 CDT 2005

Does the bills/deposits entry for this loan payment contain a split
transaction with two lines (plus any other loan costs), both of which say
'calculated' in the amount field?

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://money.mvps.org/faq for tips and fixes for MS Money. To send
Microsoft your product wishes see http://money.mvps.org/wishes.aspx

I do not respond to any unsolicited email regarding Money

"mlw734" <mlwest@chartertn.net> wrote in message
news:1123978952.321775.303720@g47g2000cwa.googlegroups.com...
> Yes I am. But the problem is inconsistency in the values it
> calculates. Some months it calculates the principal and interest right
> on. Other months I get results similar to listed in thread.
>
> Is there a problem with Loan Payment Category?
>

mlw734
Wed Aug 17 22:17:37 CDT 2005

The transaction includes 2 calculated values, P & I and 2 fixed values,

Thanks MLW

oloum
Fri Aug 26 07:28:38 CDT 2005

yutyutyuy

"mlw734" <mlwest@chartertn.net> wrote in message
news:1124335057.228743.129190@f14g2000cwb.googlegroups.com...
> The transaction includes 2 calculated values, P & I and 2 fixed values,
>
> Thanks MLW
>