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?

$
 
   
   
Investment Planning Group, Inc
25117 Detroit Rd Suite 210 • Westlake, OH • 44145
Phone: 440-899-7700 • Fax: 440-899-7704
• cdivito@investmentplanninggroup.com

Securities and advisory services offered through Independent Financial Group, LLC, a registered broker-dealer and investment advisor. Member FINRA/SIPC Office of supervisory jurisdiction: 12636 High Bluff Drive, Suite 100, San Diego, CA. 92130

Investment Planning Group, Inc., and Independent Financial Group and not affilited.

Securities licensed in OH, PA TX, AZ, CA, FL, MD, IL and NY. Fee based or advisory services are available to residents of OH

This Communication is strictly intended for individuals residing in the states listed above, where the registered representative is licensed to conduct securities business, and as an investment advisor. No offers may be made to or accepted from anyone outside of the specific states refernce.

 

 

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