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?

$
 
   
   
Security First Planners
2 W. White Horse Road, Ste C • Voorhees, NJ • 08043
Phone: (856) 566-1820 • Fax: (856) 566-1821

Directions to My Office
• rhein@americanportfolios.com

 Securities offered through American Portfolios Financial Services, Inc. Member FINRA, SIPC.   Investment Advisory products/ services are offered through American Portfolio Advisors Inc, an SEC Registered Investment Advisor, 4250 Veterans Memorial Highway, Ste 420E, Holbrook, NY 11741, (631)439-4600.