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?

$
 
   
   
Peake Financial
8630 Fenton Street, Suite 406 • Silver Spring , MD • 20910
Phone: (301) 650-9188
Toll Free: (866) 650-9188 		• Fax: (301) 650-4182
• contact@peakefinancial.com

 

 

Securities and advisory services offered through Ameritas Investment Corp. (AIC).  Member FINRA/SIPC. www.FINRA.org / www.SIPC.org.  AIC and Peake Financial Group, LLC are not affiliated.

This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction.  As with any security, request a prospectus from your registered representative. Read it carefully before you invest or send money.  Securities products are limited to residents of AL, CA, DC, FL, GA, MD, MI, NJ, NY, PA, TX and VA.

A representative from Peake Financial Group, LLC will contact you to provide requested information.  

Representatives of AIC do not provide tax or legal advice.  Please consult your tax advisor or attorney regarding your situation.