Updating Interest Rate and New Monthly Payment

Nigel Wilks's Avatar

Nigel Wilks

13 Apr, 2023 04:34 PM


I've been using Moneydance for sometime now, and as seems to be normal practice I've tried to update my mortgage to the increased interest rate and specified the new payment. This has worked fine previously, but this time it has set the Loan Amount to a positive value on the left side bar but the loan details shows the correct negative value for the principal remaining but now with £0 interest remaining and no payments remaining, Each of the upcoming payment details are also at zero values.

I've performed this on another loan account and get the same result. Restored from backup, and same applies.

I'm running 2023.1 (5006) on a Mac

  1. 1 Posted by Paul on 05 May, 2023 09:41 AM

    Paul's Avatar

    I'm seeing the same problem. Also on Mac and running 2023.1

  2. 2 Posted by dwg on 05 May, 2023 10:20 AM

    dwg's Avatar

    I'm a fellow user.

    Just as a check go into the account info screen and check to make sure the balance adjustment field is 0.

    I've seen this field magically change to contain a value.

  3. 3 Posted by Paul on 08 May, 2023 11:58 AM

    Paul's Avatar

    Thanks dwg - that was indeed the case for me.

  4. Maddy closed this discussion on 10 May, 2023 10:06 AM.

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