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?

$
 
   
   
Professional Benefits, Inc.
One North Tuttle Avenue, Ste. 5
P.O. Box 1079		 • Sarasota, FL • 34237
Phone: (941) 957-1310 or
1-800-741-5170		 • Fax: (941) 366-5170 or
1-866-366-5170 (Florida only)
• Debra@professionalbenefits.org

*Securities and advisory services offered through Registered Representatives of SII Investments, Inc. (SII), Member FINRA, SIPC and a Registered Investment Advisor.  Professional Benefits, Inc. and SII are separate companies. SII does not offer tax or legal advice.

Registered Representatives may only transact business in a state if first registered in that state.  Investment products and services only available to residents of: CA, CO, FL, GA, NY, WA 
 


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