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?

$
 
   
   
McGuire Investment Group, Retirement Plans
10 Grove Street, Suite B • Cherry Hill, NJ • 08002
Phone: 856-414-0808
• hmcguire@htk.com

Registered Representative of, and Securities and Investment Advisory services offered through Hornor, Townsend & Kent, Inc., (HTK), Registered Investment Advisor, Member FINRA/SIPC, 103 Fairway Terrace, Mount Laurel, NJ 08054 (856) 234-7366.  

McGuire Investment Group is independent of HTK.  HTK does not offer tax or legal advice.  Always consult with a qualified advisor regarding your individual circumstances.

Mr. McGuire is insurance and securities licensed in the states of New Jersey (NJ), Florida (FL) and Pennsylvania (PA), including Virginia (VA) for securities and only.  This is not an offer or solicitation in any state where not properly licensed or registered.

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