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?

$
 
   
   
Fishman Financial Services
16605 Bethayres Road • Rockville , MD • 20855
Phone: 301 330-9455 • Fax: 301 330-2641
• lois@fishmanfinancial.com
The ideas and recommendations you may find here are generic in nature and are in no way representative of any personal recommendations for your situation. Consult with your financial advisor before making any changes in your finances.

We are Series 7 licensed to work with you in the following states: Maryland, District of Columbia, Virginia, Florida, New York, Pennsylvania, Ohio, North and South Carolina and Ohio.

Securities offered through H.Beck, Inc. Member FINRA/SIPC
11140 Rockville Pike, 4th Floor, Rockville, Maryland 20852

301 468-0100

Lois Fishman, CFP,CSA is a Registered Representative with H. Beck, Inc. which is not affiliated with Fishman Financial Services

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