Scheduling a one-time debt payment - CA

 

Transcript

For today’s example, I’ll open up the Mortgage Debt. From the Debts and Loans section, I’ll go to the Primary Residence Mortgage, then select One-Time Payments.

Next, I’ll add a one-time payment of $30,000, scheduled to happen this year. After clicking Done, we should see a spike in the Cash Flow chart for the first year.

If we go back to the Debts section, you’ll notice the balance dropping significantly from year one to year two. Switching to Year View under the Debts section, you’ll see the additional payment recorded. On the graph, you can also see that the mortgage is now paid off in 2027.