Loan events

A loan is a history, not four numbers

Most tools store a mortgage as an amount, a rate, a term and a start date. Refinance, and you either overwrite it — losing every year of interest you actually paid — or you create a second asset and break the history in half. Neither is what happened.

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What it does

Refinance

A new balance, rate and term from a given date. Everything before it keeps the old schedule; everything after runs on the new one.

Extra principal payment

Money straight at the balance with nothing renegotiated. The payment and the rate stay exactly where they were, so the loan simply finishes early — and the schedule says how early.

Recast

A lump sum your lender then re-amortizes, which lowers the payment and leaves the maturity date alone. The mirror image of the one above, and the app keeps them apart because the balances differ from that day on.

Rate modification

A rate change on the same loan — an ARM adjusting, or a lender agreeing to something different.

A running balance

Today's balance is amortized from the original loan and every event since. It is not a number you keep up to date by hand.

How it works

Record the event

Date, balance, rate, term and a note, on the asset's loan history.

The schedule reforecasts

From that date forward, on the new terms. The years before it are untouched.

The metrics follow

DSCR, LTV and interest-rate risk all read the reforecast schedule, so they describe the loan you have now.

Questions

What happens when I refinance?

You record the refinance as an event on the loan, with its date, balance, rate and term. The amortization schedule reforecasts from that point rather than being overwritten, so the years before the refinance still show the interest you actually paid. Extra principal payments, recasts and rate modifications work the same way — and the first two are kept apart, because paying extra brings your payoff date forward while a recast lowers the payment and leaves the date alone.

Which performance metrics do you calculate?

DSCR, cap rate, LTV, NOI, ROI and cash-on-cash return, per asset and rolled up across the portfolio — plus cash-flow stability, vendor concentration and interest-rate risk. They are computed from your actual transactions and your actual loan terms, not from figures you type into a metrics screen. The performance suite is on Pro and up.

More of them on the full FAQ.

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Put it to work on your own numbers

Add one asset, link one account, and see what a month looks like.

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