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?

$
 
   
   
Woodstone Financial Services
1825 South 316th Street • Federal Way, WA •

98003-4030
Phone: 253.925.6824

Securities offered through Securities America, Inc., a Registered Broker/ Dealer, Member FINRA/SIPC, and Financial Planning and Advisory Services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm, Robert Skinner, Representative. Woodstone Credit Union and Woodstone Credit Union Financial Strategies are not affiliated with the Securities America companies.

Not NCUA Insured. No Credit Union Guarantee. May Lose Value.

Securities licensed in: AR, AZ, CA, FL, IN, MT, OR, TX, UT, WA

Insurance licensed in: AR, AZ, FL, MT, WA 

Advisory licensed in: TX, WA