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 Group of Philadelphia, LLC
67 Buck Rd B-12 • Huntingdon Valley, PA • 19006
Phone: (215) 396-3312 / (610) 617-7220 • Fax: (215) 396-3306 / (610) 617-7221
www.philafinancial.com • Bill@PhilaFinancial.com Ellen@PhilaFinancial.com Jarrett@PhilaFinancial.com Julie@PhilaFinancial.com Paul@PhilaFinancial.com Phil@PhilaFinancial.com Sean@PhilaFinancial.com

 

Paul Bufty offers securities through Woodbury Financial Services, Inc., Member FINRA, SIPC. The Financial Group of Philadelphia is not owned or operated  by Woodbury Financial Services, Inc.
 
Services are only available in states where we are licensed to do business.  Securities and Insurance licensed in PA, FL, MD, NJ, CT, NC, and NY.