Thanks for the information. I've done this and Money did not complain so
I'll see if it works on the next payment.

Patricia


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:O2p87W6xEHA.2568[at]TK2MSFTNGP11.phx.gbl...
- quote -

I do this every month without problems, so, yes, there is a way. "How?" you
might ask but didn't.

Edit the scheduled loan payment. Go into the splits. Add an additional
Principal Transfer entry to the loan payment in the amount of extra you want
to pay. When these enter, the P+I will be calculated and the extra principal
will then be applied.

"Pat" <pjwenzel[at]sbcglobal.net> wrote in message
news:1mzkd.21154$bl7.6299[at]newssvr31.news.prodigy.com...
- quote -

I'm running MS Money 2004 on XP. We just refinanced the house and I decided
it was time to determine if Money can correctly calculate interest and
principal amounts when we make a larger-than-needed payment in order to pay
off the loan more quickly. This is something that Quicken handled quite
nicely -- wish I had never changed! I'm quite tired of correcting this
every month.

Please...can someone tell me if there is a way to make a monthly loan
payment that includes an additional amount on the principal and still have
the monthly interest amount calculated correctly in Money.

Thanks
Patricia

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