Amortization Schedule - Out of Whack


T

The Gleas

After making a few extra principal payments the
amortization schedule for my mortgage is out of whack.
Instead of progressively increasing principal amounts and
progressively decreasing interest payments, they go up
and down, month to month. I tried re-doing the loan
terms, and it corrects for the new loan terms, but when I
go back to the correct loan terms the same errors occur.
Anyone had this problem. It occurred with 2002 Standard
and now 2004 deluxe.
 
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D

Dick Watson

Did you set the option for interest calculation on the day the bank receives
the payment or on the same time each month?
 
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