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?

$
 
   
   
Redstone Financial Advisors, LLC
3416 Washington Dr. • Falls Church, VA • 22041
Phone: 703-931-4910
• prosenstein@redstonefinancialadvisors.com
This web site is for residents of CA,DC,GA,MD,NY,TX ,VA,WA. Pauline Rosenstein is a Registered Representative and Investment Advisor Representative of and offers securities and advisory services through WRP Investments, Inc., Member FINRA & SIPC. Redstone Financial Advisors, LLC. is not affiliated with WRP Investments, Inc. Securities activities and advisory services are supervised by WRP Investments, Inc. at 4407 Belmont Ave., Youngstown, OH 44505, (330) 759-2023.