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?

$
 
   
   
Lichtenstein Financial, LLC
25 New London Turnpike • Glastonbury, CT • 06033
Phone: 860-633-1662 • Fax: 860-657-9398
www.LichtensteinFinancial.com • staff@lichtensteinfinancial.com

 

25 New London Turnpike

Glastonbury, CT 06033

(Main Office)

44 Walbridge Road

West Hartford, CT 06119

110 Randolph Road

Middletown, CT 06457



*ADMITTED TO PRACTICE BEFORE THE INTERNAL REVENUE SERVICE     MEMBER/ASSOCIATE: NSPAuNAEAuCSEAuNATP

  ENROLLED AGENT ACCREDITED TAX ADVISOR

Securities offered through Securities America, Inc. Member FINRA/SIPC, Brian Lichtenstein, Registered Representative. Advisory Services offered through Securities America Advisors, Inc. An SEC Registered Investment Advisor, Brian Lichtenstein, Investment Advisor Representative. The Securities America companies are not affiliated with Lichtenstein Mortgage LLC, Lichtenstein Tax Consultants LLC or Lichtenstein Financial LLC.