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?

$
 
   
   
3 Financial Group
1888 Kalakaua Ave., Suite 312 • Honolulu, HI • 96815
Phone: 808-791-2925 • Fax: 808-695-2948
www.3financialgroup.com • amberger@3FinancialGroup.com

Joanna Amberger is an investment advisor representative offering securities and investment advisory services through Transamerica Financial Advisors, Inc. (TFA), Member  FINRA, SIPC and Registered Investment Advisor. 1888 Kalakaua Ave, Suite C312, Honolulu, Hawai`i, 96815.  TFA makes no representation regarding the accuracy or completness of any information in these materials, or the effectiveness of any advice or recommendation made to achieve any specific tax or other financial planning goal.  TFA and its representatives do not give tax and/or legal advice.  Please consult with your own independent tax and/or legal advisor regarding the applicability of the concepts presented on this website to your particular situation before acting on any information or advice given in them.  Joanna Amberger is licensed to sell securities in Hawai`i, Illinois, Ohio, Texas and Virginia. This website should not be considered a solicitation in any other state.

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