[GNC] How to use Mortgage and Loan repayment with a different monthly payment.
I am having trouble schedule monthly payment with Mortgage and Loan
repayment program. It doesn't work for my use case. I wonder if there is a
better solution or am I using it incorrectly.
I have a 180 months (15yr) mortgage with 4% interest rate. Original loan
amount 300,000. Starting date 07/01/2017. Scheduled payment is
2500.00(principle+interests) per month, but instead I have been making
3000.00 every month. (500 extra go towards principle)
(Above numbers are made up numbers)
When I finish the wizard in mortgage loan repayment program, it gives me a
scheduled split-transaction correctly as $2500 every month.
There is no place for me to put my customized monthly payment. Therefore,
the interest and remaining principle is all out of sync.