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?

$
 
   
   
Wilson Insurance and Financial Planning, Hank Wilson, CFP
1732 W. Cheltenham Ave • Philadelphia , PA • 19126
Phone: 215-924-8260 / 877-924-8260 • Fax: 877-924-8260

Or our Atlanta Location:
3525 Piedmont Road
7 Piedmont Center, Suite 300
Atlanta, GA. 30305
Phone 877-924-8260 Fax 866-342-1702
• CustomerService@WilsonInsurance.net