Hi, KmyMoney doesn't seem to be handling changes to interest rates on loan accounts correctly. I have a loan account that tracks a 5/1 ARM - a mortgage with an initial rate for 5 years which can then change every 1 year after the initial 5. What should happen is that on the date a new rate becomes active, KmyMoney should re-amortize the remaining balance over the remaining duration, using the new rate. What is happening instead is a re-amortization from the loan's inception using the new rate, with KmyMoney re-calculating the loan's duration. The step in the wizard that asks "When should the changes become active?" doesn't seem to do anything. In addition, if I leave the interest rate blank, which is supposed to cause the app to re-calculate it based on the payment amount, it instead becomes 0. Reproducible: Always Steps to Reproduce: 1. Create a loan account, and make payments against it for some number of loan periods. 2. Change the interest rate of the loan, effective some time within the loan duration. 3. Observe that the loan duration has changed, as if the amortization since inception was based on the new rate. Actual Results: The loan is re-amortized from inception with the new rate. Expected Results: The loan should be re-amortized as-of the effective date of the change.
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Hi, Checking again in 5.1.3, the loan editor still does not work correctly. The behavior is similar, if not identical, to the original behavior when I reported the bug. Have an existing loan account. Try to edit the account in order to change the variable interest rate. Observe that it is not possible to have KMyMoney auto-calculate a new payment amount based on interest rate, balance, and remaining term. Despite the wizard text that indicates any of the parameters should be auto-calculated if the others are provided, the user is forced to enter the new P+I payment amount and interest rate, and KMyMoney then calculates a new term based on a re-amortization from inception.
*** Bug 476845 has been marked as a duplicate of this bug. ***