david3
Level 7
06-12-2020
10:23 AM
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I've never seen that either. It appears to be rounding. The re-fi costs were $2,096 amortized over 5 years at $419/year. This is the fifth year and there is a remaining balance of $1. It appears that amortization was $419.20/year.
So it appears the $1 rounding is due to the .20/year amortization not recognized. You would think the program would automatically adjust that to $420 final year amortization.
Thanks.