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?

$
 
   
   
Chicago Investment Advisory Council, Inc.
1601 E. Main St., Ste 1C • St Charles, IL • 60174
Phone: 630-444-1410 • Fax: 630-444-1441
• jdavis@ciacinc.com

 

Securities offered through J.W. Cole Financial, Inc.  Member FINRA/SIPC.  Investment advisory services offered through Chicago Investment Advisory Council, Inc. (CIAC). 

CIAC and J.W. Cole Financial are separate and unrelated companies. 

Registered Representatives of J.W. Cole Financial, Inc. whose identities and associations with CIAC are disclosed on this site, may only conduct business with residents of the states and/or jurisdictions for which they are properly registered.  Therefore, a response to a request for information may be delayed.  No information provided on this site is intended to constitute an offer to sell or a solicitation of an offer to buy shares of any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under securities laws of such jurisdictions.  Please note that not all of the investments and services mentioned may be available in every state. 

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