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?

$
 
   
   
Independence Financial, LLC
222 Ohio St. • Oshkosh, WI • 54902
Phone: (920) 236-6587
1 (800) 858-9046		 • Fax: (920) 236-6589
• info@IndependenceFinancialLLC.com

Walter Scott, CLU (Registered Representative) and Michael Scott, CLU, CFP (Registered Representative and Investment Advisor Representative) offer securities and investment advisory services through Hornor, Townsend, & Kent, Inc. (HTK) Registered Investment Advisor, Member FINRA/SIPC.  HTK does not offer tax or legal advice.  1030 W. Higgins Rd. Suite 212 Park Ridge, IL 60068 Phone (800) 607-3300.

Independence Financial, LLC is independent of HTK.  All Products may not be available in all States.
 

Securities licensed in:

AZ, CA, CO, FL, IA, IL, MD, MI, MO, NC, NJ, PA, UT, VT, WA, WI		            Insurance licensed in:

AZ, CA, CO, FL, IA, IL, MD, MI, MO, NC, NJ, PA, UT, VT, WA, WI

This is not an offer or soliciation in any state where not properly licensed or registered.

 

A1RB-1130-02

 

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