Mortgage Acceleration  
Paying just a little extra on your mortgage each month can have a dramatic effect on the time it takes you to pay off your mortgage and the amount of interest you pay over the life of the loan. Adding $100 to $200 per month to your usual payment can take years off the length of your loan and save you tens of thousands of dollars in interest. This calculator is designed to show you how much time — over the life of the loan — and money you can save by paying an additional amount in your mortgage payment each month.
     

1. What was the original face value of your loan?

$

2. What is the annual interest rate on your loan?

%

3. What was the original term of the loan (in months)?
(E.g., for a 30-year loan enter 360 months.)

4. How many monthly payments have you already made?

5. What is the additional amount you are considering adding to your monthly payment?

$
 
   
   
Socially Responsive Financial Advisors
P.O. Box 1352 • Bellingham, WA • 98227
Phone: Bellingham :360/ 392-8517 or in Eugene: 541/686-1908 • Fax: 360/859-1415
• Laurie@ResponsiveFinancial.com

Socially Responsive Financial Advisors


First Affirmative Financial Network, LLC


Laurie McClain, Accredited Investment Fiduciary(R)


P.O. Box 1352, Bellingham, WA  98227

Phones: Bellingham - 360/392-8517   ♦   Eugene -  541/686-1908

FAX 360/859-1415

Laurie@ResponsiveFinancial.com 


Investment Advisory Representative of First Affirmative Financial Network, LLC. First Affirmative Financial Network (FAFN) is an independent Registered Investment Advisor (SEC File #801-56587). FAFN  and Socially Responsive Financial Advisors (SRFA) are unaffiliated entities. SRFA is not a registered investment advisor.

Privacy Policy