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?

$
 
   
   
The Financial Services Center, Inc - mutual funds, insurance, stocks, bonds, annuities, 401(k) rollover, retirement, planning
2 E. Main Street • Evansville, WI • 53536
Phone: 1-877-226-5828 x1110 • Fax: 608-882-6889
• jcollins@fscinvest.com rkleven@fscinvest.com

SII Investments, Inc. (SII), member FINRA, SIPC and a Registered Investment Advisor, is not affiliated with Union Bank & Trust Company, The Bank of Oregon or Financial Services Center.  Securities and advisory services offered through SII are *not insured by the FDIC or any other Federal Government agency, *not a deposit or other obligation of, or guaranteed by any bank or its affiliates, and *subject to risks including the possible loss of principal amount invested.  SII does not provide tax or legal advice.

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