mortgage amortization error

I made a large extra principal payment on my mortgage. MS Money produced an 
updated amortization schedule showing the new principal payment would be a 
much larger percentage of my total payment (that is, each payment would 
include much less interest than before).

The actual allocation for the next payment on July 1 followed the original 
amortization schedule rather than the new one.

 In dollars, in June my monthly payment of $870 included $584 in principal.  
In July--after the large extra payment--the amortization schedule showed the 
July payment would be about $710 in principal.  Instead the amount entered by 
MS Money was about $586 in principal.

Please--how do I fix this?

7/1/2010 2:04:52 PM
money 28651 articles. 4 followers. Follow

1 Replies

Similar Articles

[PageSpeed] 14

I guess my first question is did you make sure that the actual split values 
for the extra principal payment assigned the amount correctly to the 
principal transfer and that it reduced the loan account balance as it 

You might also want to go in and update the account details and it will 
probably tell you that it needs to recalculate the loan amounts...

"DC Robert" <DC> wrote in message
> I made a large extra principal payment on my mortgage. MS Money produced 
> an
> updated amortization schedule showing the new principal payment would be a
> much larger percentage of my total payment (that is, each payment would
> include much less interest than before).
> The actual allocation for the next payment on July 1 followed the original
> amortization schedule rather than the new one.
> In dollars, in June my monthly payment of $870 included $584 in principal.
> In July--after the large extra payment--the amortization schedule showed 
> the
> July payment would be about $710 in principal.  Instead the amount entered 
> by
> MS Money was about $586 in principal.
> Please--how do I fix this?
7/2/2010 12:57:17 AM

Similar Artilces:

Import Customizations Error
Hi All, I tried to import Customizations but I got an error as following: "This attribute map is invalid. The selected attributes should be of the same type. The length of the source attribute and the formats should match. The targe attribute should not be used in another mapping". Therefore, my import wasn't get through. Anyone has any ideas, please let me know and I'd appreciate it. Thanks That error indicates a relationship map you are creating in your import file is not valid for one of several reasons: 1. You are trying to map a field of one type to a differe...

Error 0x800ccc0d
I know there have been many posts about this error but I cannot find any that solve my problem. Been looking for hours now and I am getting most frustrated. I am running Office Mail as a mail server on a Win98se PC. I use Outlook 98 to send/collect mail from a client PC (also running Win98se). I can send and collect mail without any problem at all - until I have to reboot that client PC (for whatever reason). I then get the following error: The server could not be found. (Account 'account name', POP3 Server: 'Servername', Error number: 0x800ccc0d). I can browse each PC witho...

KB979099 gets 0x643 error
When I do the windows update, KB979099 errors out with error 0x643. Please include what Operating System and Service Pack level are you using?, and perhaps what other antivirus or antimalware software you may have installed, Security suite and firewall, etc. etc. <> On the web: WSUS General <> In your newsreader: news://msnew...

Error accessing reports after RS2000 to SSRS2005 SP1 migration
I have just migrated RS2000 to SSRS2005 SP1. I restored the RS databases into new SS2005/RS2005 Instances, I also set up custom Application pools and new Reports and ReportServer sub-webs. I can open/browse the contents of the new subwebs, ane everything looks fine. Now when I access the CRM 3.0 web interface & click on Reports in CRM Workplace I get a message "ERROR- An error has occurred. Please contact your system administrator." What steps are needed to make CRM 3.0 compatible with SS2005 & SSRS2005 regards Graham Try to activate the debug mode of the web ap...

Update Links Error...
When I open a workbook Im alerted that the file needs to be updated. When I click on "-Update-" and then "-Edit Links-". Im told the Source Type, Update, and Status, the Source = -Name of Worksheet-, Type Worksheet, Update = A, Status = Error, Source not found. My question is i found where the error was and have cleared it of al issues. when I save and close the file and reopen it, I am told ye again about an update issue. I've gone through the whole workbook an can not find any issues that it says I have. How can I fix this? Thank -- HoseHead7 --------------------...

Outlook 2002 error the mail folder could not be opened
I recieved an error meassage when importing a mail folder from outlook express 6 to outlook 2002. "The mail folder could not be opened. If another application is using this file lease close it and try again." ANy suggestions I guess you made sure Outlook Express was not opened and trying to view / access emails in that folder, correct? Try it again, making sure outlook express is closed and it's not hung in the task manager... Actually better still do a export from Outlook Express, it's better this way, you get to keep the original dates of received on the email...

Detect and Repair Outlook Profressional 2003 errors?
Hi Guys, Hv a problem here, can anyone here help me to solve this problem, please? I click on the detect and repair in my Outlook Professional Edition 2003, it's started the process of detect and repair until in the middle process it stops. The error message wrote "Microsoft office Professional Edition 2003 Setup failed" , How do I fix this? ...

relay error
hi guy's, hopefully you can give me some ideas where to look for this. the below message was received yesterday from one of the servers that we regularly email and support, this is the first time this has happened and no other domain is having problems sending email to this server. these are external emails from one business to another. I have tested my server can send emails ok and the domain is not on any blacklists. Server is a windows 2003 Small Business Server with all current service packs and patches. message: There was a SMTP communication problem with the recipient's em...

Error : fatal error C1045: compiler limit,
Hi, When I am building a file i'm getting the following error on Visual C++ 6.0 compiler. fatal error C1045: compiler limit : linkage specifications nested too deeply Can anyone help me on this regard? Thanks & Regards, Pearl Without knowing anything about your program, it is hard to guess why you are getting this message. One possibility is that you have a syntax error that is causing externs appear to be nested, thus leading to a secondary error C1045. Unfortunately, there appears to be no actual definition of what a 'nested extern' really is. joe On 28 Jun 2005 0...

Infreqent error posting SOAP message ( 0x800A1518 )
I am getting occasional errors when invoking calls on the low level API of the SOAP library (3.0 Toolkit). The HRESULT code is always 0x800A1518. The _com_error Description is "Connector:Http error while parsing server's response. HRESULT=0x800A1526 - Connector:Unspecified HTTP error. HRESULT=0x800A1518". The _com_error ErrorMessage is "Unknown error 0x800A1518". The specific method that I am noticing the error on is with EndMessage( ) of an HttpConnector30 object. The second or third attempt at repeating just the EndMessage method will frequently be succes...

Order Management Error
Hi All! We are testing if we can use BP3 for our customers to enter their orders, everything goes well until the point when we click the Check Out button to complete the order, then we get an error, "The order cannot be processed at this time. Please try again later.", then when we look at Event viewer to see the details, there's "The Microsoft Business Framework must be started using EnterpriseSession.Initialize()." on the description. Any ideas on how to get around this issue? Zama, Can you confirm the event is directly related to clicking the "Check Out&...

FIND the BEST MORTGAGE RATES,mortgage calculators,Second mortgage Mortgage Brokers Directory has a large list of mortgage companies in the United sates,UK,Canada and can find the best mortgage rates,mortgage calculators,mortgage refinancing sources,second mortgage,mortgage quotes,bad credit mortgages and lot's of other online mortgage informatoin here. ...

Asynch Service Error...
Hey everyone... I'm getting this wierd error message in the application log of my crm server: Event Type: Error Event Source: MSCRMAsyncService Event Category: None Event ID: 17415 Date: 2/4/2008 Time: 12:01:47 PM User: N/A Computer: MyCrmServer Description: Host MyCrmServer: error while processing organization c6633e81-f7c9-dc11-89d1-0003fff66785. Exception: Microsoft.Crm.Metadata.EntityMetadataNotFoundException: The entity with ObjectTypeCode = 0 was not found in the MetadataCache. at Microsoft.Crm.Metadata.DynamicMetadataCache.GetEntity(Int32 entityCode) at Microsoft.Crm....

error message on Outlook Express
The following message is diplayed when I try to retrieve my messages from Outlook Express. Your server has unexpectedly terminated the connection. Possible causes for this include server problems, network problems, or a long period of inactivity. Account: '', Server: '', Protocol: POP3, Server Response: '+OK', Port: 110, Secure (SSL): No, Error Number: 0x800CCC0F. This newsgroup is for support of Outlook 97, 98, 2000 & 2002 from the Office family for Windows PCs. For Outlook Express (OE) support try posting in one of these news...

On Error of an On Error
How do I write an On Error of an On Error? For example, if an error occurs when trying to open a linked table, I would like to open up the linked table manager for the user to link the tables properly. However, if that is not installed, I would like to give the user a error message that I will write. At the moment, my code which errs out is as follows: ======================== Private Sub Form_Current() ' Checks to see if all table is there On Error GoTo TableMgr If (DCount("*", "qReport") > 0) Then MsgBox "This should not be 0.", vbOKOnly,...

Outlook 2003 error.....
this operation has been cancelled due to restrictions on this computer. This error occurs when I double click on a hyper link embedded in an email. Prior to the service pack for office 2003 I did not have any problems. I do have the latest service pack for Office 2003 and all other software is currently up to date. This error started after I installed the latest service pack for office 2003. I do run Norton Internet Security and Systemworks 2004. I currently do not have XP internet firewall enabled. I have tried it with and without off and on and to no avail. I do have SBC DSL with 2Wire gatew...

Different version error using vista
I am getting the following error: "A prodauct on your computer is on a different version than the database version. You will not be able to use the application until this issue is resolved. Use the GP_LoginErrors.log file in your temp directory to assist in resolving this issue." I tried to look for this log on the local but am unable to find it. I spoke to a rep from Dynamics and the said it is compatible with VISTA. it installed great but now I am getting this error. I had the same thing. You should be able to find the log file, however. Another approach is to go to a wor...

Strange error message
Hello, I am getting a strange message when I am trying to copy a graph that I use in a payroll document that we use. It contains data and a graph for each employee. It worked just fine for 80% of the document then all of a sudden I started to get this message: "No more new fonts may be applied in this workbook" with an OK button. I can hit the OK button and it will eventually continue on (after multiple clicks). But each time I copy and paste the graph, it gives me this message. I am using Excel 2002 on Win 2000 Pro with all the latest updates and patches available. T...

What error in my steps?
Hello all: I create a diglog using vc,and add some the control edit.and now I want to use the class CRecordset,and I do that:ClassWizard=>Add Class=>New,and write CAbc in Name,select CRecordset in Base class,and press OK,and select a ODBC(I have already created a ODBC),and select a table,finally I press OK,but it always display: Unable to open the files(abc.h,abc.cpp) for class "CAbc", I want to know what error in my steps.thanks. Soory: I add this sentence to the file stdafx.h: #include <stddb.h> but it display the error.How to solve? "Lee Tow" <fbjlt@pu...

Outlook Error
Hi everyone, I am getting the following error in my outlook "Outlook experiences a serious problem with the 'microsoft dynamics crm' add-in.If you have seen this message multiple times, you should disable this add-in and check to see if an update is available.Do you want to disable this add-in?" Any help will be greatly appreciated. Thanks Karthik This can be caused by a bug in the synchronization mechanism. (The birthdate field cannot contain a value before 1970). A hotfix is available. See this knowledge base article:

Error deleting record
I have a form and subform combination for entering two related records, an Inventory item Master definition and an Inventory item sub definition. The master information is on the main form and the sub definition is on the subform. I have coded logic to delete the master record that is automatically written by Access when the user tabs from the main form into the subform IN THE EVENT that the user enters no information into the subform and exits from/closes the main form using the exit button I've provided. When I test this code, I get error 2046 "The command or action acCmd...

Server Error in '/' Application Exception from HRESULT: 0x80044151
I can not find out what this error means let alone how to fix it. Randomly my users get this error when trying to access their activities folder in CRM. It could happen once a week or everyday then stop for a week, completely unpredictable. What I have been doing to get it back up and working temporally would be clearing the Application, System, and CRMExRouter logs. After a few minutes they can get back to work, but my goal is not to even have to do that. If anyone can help me or shed light on to what I need to do it will be much appreciated. Below is the error my users see if you need...

When I setup the mail account, the account can send and receive email. BUT, when I setup the email account in home it cant send email, but it can receive email and show the following error message: "The connection to the server has failed. Account: '', Server: '', Protocol: SMTP, Port: 25, Secure(SSL): No, Socket Error: 10060, Error Number: 0x800CCC0E" What can I do? Brian On Mon, 29 Aug 2005 23:36:53 +0800, "Brian" <> wrote: >When I setup the mail account, the account can send and receive email. ...

How to change monthly mortgage payment to biweekly?
Using Money 2002 Deluxe: I'm set up on a monthly basis at present but will shortly be making b-weekly mortgage house payments. How do you change money without lsoing all the history? Thanks! Just change the scheduled payment frequency. Don't change the loan. (Here I'm assuming that you are just making extra payments and have not been sucked into one of the deals where they "manage" your biweekly payments for a nice fee. If the latter is the case, then you might consider closing one loan and opening another.) "Pauldcwa" <> wrote in...

Connection error during data migration #2
The CRM Server is installled in the same machine as SQL Server. Basically, > the setup topology is as below: > i) SQL Server is already up and running before CRM installation. > ii) MSCRM is installed. > iii) Using Web Application, I have created the necessary user with roles and > licenses. This means that the CRM database in the SQL server is working fine > right. > iv) Then I install the CRM Data Migration software. > v) Run the InitializationTool.exe and transfer data using Data > Transformation in Enterprise Manager. > vi) Then I run the MigrationTool.e...