TOTAL CLARITY WEALTH MANAGEMENT, INC. - Mortgage Acceleration : Calculator: 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?	$

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. Calculators provided by Emerald Connect, Inc.

Securities and advisory services offered through Financial Network Investment Corporation, member FINRA, SIPC.

The information on this website is intended for use only by residents of the states listed below. Securities related services may not be provided to individuals residing in any state not listed.

Advisory and securities registered in Illinois, Wisconsn, New York, Minnasota, Missouri, Florida, Indiana
Insurance Licensed in Illinois, Wisconsin, Florida

Advisory services are offered through Total Clarity Wealth Management, Inc. and Financial Network Investment Corporation