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?

$
 
   
   
Family Wealth Advisors, LLC
6900 East Camelback Road, Suite A39 • Scottsdale, AZ • 85251
Phone: (866) 590-7123 • Fax: (480) 969-0079
• john@fwealthadvisors.com

Securities, advisory  services and insurance products offered through Investment Centers of America, Inc. (ICA), member FINRA/SIPC  and a Registered Investment Advisor and affiliated insurance agencies. ICA, Unison Bank,  and Family Wealth Advisors, LLC are separate companies. W. Ryan Zenk, John Oxenhandler, Jeffrey J. Biro and Richard Wrensch are duly registered in the States of Arizona, California, Colorado, Illinios, Iowa,  Montana, New Mexico, Oregon, Utah and Wisconsin, USA. Please disregard the contents of this website if you are a resident of any other state, country or province. Thank you for your understanding in this matter. ICA does not provide tax or legal advice.  Securities and insurance products offered are: *Not Insured by FDIC or any Federal Government Agency *Not a deposit or other obligation of or guaranteed by any bank or their affiliates *Subject to risks including the possible loss of principal amount invested.


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