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?

$
 
   
   
Pompei Financial, financial planning, stocks, mutual funds, retirement
150 White Plains Road, Suite 205 • Tarrytown, NY • 10591
Phone: (914) 366-9800 • Fax: (914) 366-9800
• rpompei@crownmail.net

This is not an offer to sell securities, which may be done only after proper delivery of a prospectus and client suitability is reviewed and determined.



Information relating to securities is intended for use by individuals residing in NY, NJ, CT, VT and FL. Investment advisory services may only be offered through this web site to residents of New York State.