tag:infinitekind.tenderapp.com,2009-01-14:/discussions/problems/76642-the-mortgage-interest-rate-is-just-not-rightInfinite Kind: Discussion 2022-04-12T03:30:24Ztag:infinitekind.tenderapp.com,2009-01-14:Comment/495926372022-01-11T03:26:08Z2022-01-11T03:26:08ZThe mortgage interest rate is just not right<div><p>just a user,</p>
<p>I think the loan payment calculation is just very general. A lot depends on when they start taking interest. I think now days the interest charged is based on how many days of accumulated interest against the remaining daily balance. That will vary from the date you take the loan and your payment date. I found the best is to manually set the payment amount and let MD do its best to calculate the interest. It will be close and you'll just be a few dollars off when you make the last payment.</p></div>mhoggie