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?

$
 
   
   
Legacy Financial Advisors
117 E. Fourth Street • Covington, KY • 41011
Phone: 859-655-5225
Toll Free: 866-596-3002
Trading Desk: 877-315-0180 Option #2
www.legacyfinancialadvisors.com • info@legacyfinancialadvisors.com

117 E. Fourth Street, Covington, KY 41011

 Phone: 859-655-5225   Toll Free: 866-596-3002    Fax: 859-655-9049  

 

Email: info@legacyfinancialadvisors.com


 

*Securities and Investment Advisory Services offered through NFP Securities, Inc. (NFPSI) Member FINRA/SIPC.

Legacy Financial Advisors is a member of PartnersFinancial, an affiliate of NFPSI.

Legacy Financial Advisors and NFPSI are not affiliated.

This site is published for residents of the United States only.  Registered representatives and investment advisor representatives of NFP Securities, Inc. may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed.  Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed for additional information, please contact the NFP Securities, Inc. Compliance Department at 512-697-6429.