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?

$
 
   
   
Tri-County General Insurance Agency, Inc.
5513 SR 6
P.O. Box 36		 • Tunkhannock, PA • 18657
Phone:
Tunkhannock Office
570-836-2111
866-836-2111
Pittsburgh Office
412-798-3205
866-755-3205
 • Fax:
570-836-1557
412-798-3217
• tnoble@tcginsurance.com

*A.E. Noble & Associates, Inc. is affiliated with Tri-County General Insurance Agency, Inc.

*Securities & Investment Advisory Services offered through (Tony Noble) FSC Securities Corporation, a registered broker/dealer, member FINRA/SIPC, and a registered investment advisor.  Insurance services are offered through A.E. Noble & Associates, Inc. and Tri-County General Insurance Agency, Inc, neither entities are affiliated with FSC Securities Corporation or registered as a broker/dealer or investment advisor. 

 

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