Interest Balance

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Gregg Churchill

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Nov 21, 2020, 10:52:51 AM11/21/20
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How do I deal with the interest left over when a loan is paid off early?

William Becker

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Nov 21, 2020, 11:16:30 AM11/21/20
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See if any of the articles on this page help:   http://moneymvps.org/faq/loans.aspx

In particular, this one might help:    http://moneymvps.org/faq/article/136.aspx

If not, post back with more detail on how you set up the loan in Money.

Gregg Churchill

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Nov 21, 2020, 11:26:01 AM11/21/20
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I tried that before posting, no luck...

Ameridan (microsoftmoneyoffline.wordpress.com)

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Nov 21, 2020, 12:51:21 PM11/21/20
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I don't understand the question, since interest is computed on the principal balance each month.  There is no "left over" interest if a loan is paid off, just computed interest you no longer need to pay.  Here is my early mortgage payoff from years ago...

payoff.png

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