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?

$
 
   
   
Pro Fed Financial Advisors
4315 Flagstaff Cove • Fort Wayne, IN • 46815-4630
Phone: 260-486-7989 • Fax: 260-486-8262
• stroutner@profedadvisors.org

Securities and advisory services offered through Financial Network Investment Corporation, member FINRA, SIPC.

INVESTMENTS ARE:

NOT NCUA/NCUSIF INSURED, NOT GUARANTEED BY THE CREDIT UNION, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, MAY LOSE VALUE. 

The information on this website is intended for use only by residents of the states listed below. Securities related services may not be provided to individuals residing in any state not listed.  

We are licensed to sell Insurance Products in the following states: Indiana.

We are registered to sell Securities in the following states: Arizona, California, Florida, Georgia, Iowa, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, Missouri, Montana, New Hampshire, Neveda, Ohio, Oregon, Tennessee, Washington.


 

 

Pro-Fed Financial Advisors, Inc. and Professional Federal Credit Union are not affiliated with FInancial Network Investment Corporation 

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