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?

$
 
   
   
Chester Financial Group
15 Commerce Boulevard,Suite 300 • Succasunna, NJ • 07876
Phone: (908) 879-9730 • Fax: (908) 879-9731
• info@chesterfinancialgroup.com

Securities and Investment Advisory Services offered through NFP Securities, Inc. (NFPSI), Member FINRA/SIPC.  NFPSI is not affiliated with Chester Financial Group, LLC. 

NFPSI does not provide legal or tax advice and is not a Certified Public Accounting firm. Certain Representatives of NFP Securities, Inc. may be Certified Public Accountants and in their individual capacity provide accounting and tax services for which NFPSI is not responsible.

This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFPSI may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every Representative or Advisor listed. For additional information, please contact the NFPSI Compliance Department at 512-697-6000.