Suggestions

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Mortgage Escrow for Property and Insurance Fees

Include functionality to edit and calculate loan repayment based on total mortgage amount with principle + interest + escrow (property taxes and insurance) without increases loan payoff schedule.

2 votes

Tagged as Suggestion

Suggested 12 March 2022 by user Joseph Willet

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  • 12 March 2022 Joseph Willet suggested this task

  • 12 March 2022 Kyle Nolan approved this task

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    I’d like to upvote this, because it sounds like it’d be useful. But I don’t know what Joseph is asking for. Taxes and Insurance are currently defined on the house asset directly. And since Taxes and Insurance change independently from Principle + interest (and using their own inflation rules), the current implementation captures this part quite well.

    So maybe this feature request is: make the data entry for these escrow amounts automatically apply initial taxes and insurance values to the related House asset?

    related: There was discussion in discord about having a much more elaborate scheme for relating multiple mortgages and rental income to a house asset, to model refinances, and changing rental activity / owner occupancy, over time. This more elaborate scheme would probably address this issue too, but I don’t know if a changemap was created for this. I’ll try to track this down.

    21 April 2022