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?

$
 
   
   
Albany Financial Group
80 Wolf Road, Suite 301 • Albany, NY • 12205
Phone: (518) 786-3300 • Fax: (518) 786-7009
• llaplante@albanyfinancial.com

The financial consultants of Albany Financial Group are Registered Representatives with, and offer Securities through, LPL Financial LLC, Member FINRA/SIPC.

 

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Securities related services may not be provided to individuals residing in any state not listed below. This information is intended for use only by residents of the following states in which the representative is registered:

We are licensed to sell Insurance Products in the following states:

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