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?

$
 
   
   
FREEDOM Financial Advisors LLC Estate, Tax and Wealth Management
132 Farnsworth Ave • Bordentown, NJ • 08505
Phone: 609-291-8363 • Fax: 609-291-5580
• dave@ffadvisors.com

David Workman is a registered representative, registered to transact business with clients in New Jersey, and Pennsylvania, Delaware, Virginia, Indiana, Illinois, New York, North Carolina and Alabama. David is advisory licensed in the following states.New Jersey, Pennsylvania, Virginia, Alabama, New York. David is also an insurance agent licensed in New Jersey, Pennsylvania, and Delaware.

Thomas Xenakis is a registered representative, registered to transact business with clients in New Jersey and Pennsylvania. Thomas is advisory licensed in New Jersey and Pennsylvania. Thomas is also an insurance agent licensed in New Jersey.

If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet. Securities offered through H.D. Vest Investment ServicesSM, Member: SIPC, Advisory Services offered through H.D. Vest Advisory Services SM, 6333 North State Highway 161, Fourth Floor, Irving, TX 75038, 972-870-6000.

Investments & Insurance Products: are not insured by the FDIC or any federal government agency, are not deposits of or guaranteed by the bank or any bank affiliate, and may lose Value.

Freedom Financial Advisors is not a registered broker/dealer or independent investment advisory firm.