What should I check when a loan will not amortize or its payments look wrong?

Open the loan and verify current balance, original principal, term dates, rate, payment frequency and compounding interval. Check whether the amortization field contains remaining payments rather than years. A payment too small to cover interest may not produce a valid amortization.

Inspect the loan’s amortization table first, then compare it with TIME MACHINE. The latter can add prepayments from deposit PRIORITIES, apply temporary payment changes or pay off a loan when linked collateral is sold. Those actions can make the projected balance lower than the standalone table.

For the current year, compare the payment dates and period covered. Do not compare a full-year schedule with a partial-year report as if both had the same number of payments.

If a prepayment limit seems exceeded, distinguish a scheduled payment change from an excess-cash prepayment. The app’s payment-modification feature does not verify every lender permission. Send the loan settings, year and warning through Contact us if the difference remains.

An interest-only line of credit can appear to shrink in Today’s dollars even when its nominal balance is unchanged. Switch to Future dollars to check whether principal is actually being repaid.

For a term loan being prepaid from surplus cash, review its position in deposit PRIORITIES. Move it below the intended savings destinations to give those destinations the surplus first, or set its deposit-priority limit to 0% to prevent that route of prepayment. This does not cancel regular loan payments, scheduled payment changes or a required payoff when collateral is sold.