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?

$
 
   
   
Eagle Financial
12501 Antioch Suite 102 • Overland Park, KS • 66213
Phone: 913-851-1903 • Fax: 913-851-1907
• lharshbarger@sfsrep.com

 

Lance Harshbarger is a registered representative with Sunset Financiail Services, Inc. a FINRA registered broker-dealer. Sunset Financial Services is registered to offer securities products in all 50 United States. Lance Harshbarger is licensed to offer securities products in Kansas, Missouri, Nebraska, Texas. Lance Harshbarger is also licensed to offer insurance products in these same states. The informaton included herein should not be considered a solicitation or an offer to sell product in any state besides those in which Lance Harshbarger is properly licensed.

*Securities and Investment Advisory Services offered through Sunset Financial Services, Inc., 3520 Broadway, Kansas City, MO., 64111. 816-753-7000 Home Office.  Member  FINRA/SIPC.  Eagle Financial is not affiliated with Sunset Financial Services.