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?

$
 
   
   
Charest Company, LLP-Financial Planners
3662 Dauphin St. Suite A-1 • Mobile, AL • 36608-1217
Phone: 251-343-7715 • Fax: (251) 343-7725
• info@charestandcompany.com

No part of this communication should be construed as an offer to sell any security or provide investment advice or recommendation.  Securities offered through ProEquities, Inc. will fluctuate in value and are subject to investment risks including possible loss of principal. Please be advised that presently representatives of Charest Company, LLP hold licenses in AL, TN, CO, FL, GA,  IN, MS. OH, SC, TX.  For residents of other states in which registration is not held, proper licenses and registrations mubt be obtained by Charest Company, LLP before proceeding furthur.

 

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