[Kmymoney-devel] Feature request - Loan Amortization calculations

[Thomas Baumgart]

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

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