On 25 December 2014 at 22:32, Martin Blais <[email protected]> wrote: > It would be more useful to just enter the precise amounts of principal and > interest paid on the loan for each payment in the _past_. Unfortunately, not > all banks will provide this detail on a frequent basis (you can always > contact their mortgage dept. to get an annual summary with the detail on > each payment). In any case, the banks will update the remaining amount of > the loan principal on their web interface and even without them providing > the explicit breakdown of interest vs. principal in the transaction info if > you login dutifully a few days after each payment you should be able to > observed the change in your loan and back out the interest. This is what I > had to do when I had a mortgage.
This sounds reasonable enough, I can see how trying to guess what the banks are doing under the hood would end in tears. ;) > As for the future transactions, if you really want to generate all those > future payment entries ... Nope! Just wanted to try and track payments as precisely as possible. > If your use case is budgeting, you don't need the breakdown > to do that you know the monthly payment and its impact on the other accounts > you have. This isn't for budgeting either. I don't (yet) have any loans or mortgages so I was trying to figure out what ledger is capable of helping me with. Thanks Martin! -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
