Apologies up front if this is a dumb question. I just purchased PRC24 and have entered all my data following the excellent instructions.
The only issue I have is concerning my primary home which will be paid off in January 2026. It seems as though PRC computes the amortization correctly throughout 24 and 25 with an outstanding balance of $2623 at the end of 25, but then appears to repeat the standard payment of $2631 for 2026 for the entire year rather than just making the one payment in January. This inflates the property expenses well beyond reality.
Am I possibly doing something wrong or is this by convention?
| Year | Annual Expenses | Annual Windfall | Reportable Capital Gains | Net Expense | Tax Deductions | Equity Loan Disbursement | HELOC Disbursement | Total Equity | Loan Bal | Monthly Payment |
| 2023 | 750,823 | 63,177 | - | |||||||
| 2024 | 39,892 | - | - | 39,892 | 9,122 | - | - | 804,953 | 33,467 | 2,631 |
| 2025 | 40,142 | - | - | 40,142 | 8,206 | - | - | 860,950 | 2,623 | 2,631 |
| 2026 | 40,399 | - | - | 40,399 | 7,710 | - | - | 889,480 | - | 2,631 |
@dvorakta Hi Travis, this is not a dumb question and you're not doing anything wrong. This is just an artifact of a simplification in the modeling of mortgages. I'm going to add this to a small list of potential near-term enhancements. If I do go ahead and make this change, I'll let you know. Fortunately, it's a one-time over-estimation of your expenses and is not propagated year after year.
Stuart
