Hi Marius, On Tuesday 05 March 2013 09:34:34 Marius Groenewald wrote:
> Hi there, > > The Loan Amortization feature of KMyMoney only allows me to capture the > first loan amount and calculates the interests and payments etc. The > problem comes when I take out a second bond on my existing bond for > enhancements or major work to be done. > > Example: > Original bond = $600,000 over 30 years. > After a year or two I take out a second bond to build an extra garage for > about $80,000. The Loan schedule wizard only allows me to change the > interest rate and principle amounts, but not the Loan Amount. I need to add > the $80,000 to the $600,000 amount, or whatever is the balance after a year > or two. My premium needs to be recalculated with the new remaining loan > amount, together with the remaining period. Currently I have just added the > second bond's value in my home's Asset Account to show the increased loan > value, but the principal + interests calculations are not adjusted > accordingly. I adjust the scheduled entry every time when I need to make an > entry to show the increased premium. > > I can't create a separate Loan Amortization account, because the financial > institution does 1 deduction for my premium and calculates the interests on > the combined loan total for the remaining period. The most simple way to do this is to enter a transfer transaction from the loan account to the asset account. That should also take care of the automatic calculation. > Please assist Hope that helps. -- Regards Thomas Baumgart GPG-FP: E55E D592 F45F 116B 8429 4F99 9C59 DB40 B75D D3BA ------------------------------------------------------------- 'Software is like sex: it's better when it's free' (Linus Torvalds) -------------------------------------------------------------
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