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?

$
 
   
   
Hammortree Financial Services
145 S. Virginia Street • Crystal Lake, IL • 60014
Phone: 815-788-7420 • Fax: 815-788-7430
www.AnnetteHammortree.com • ahammortree@omalleyandassoc.com

 Annette Hammortree, Registered Representative & Financial Advisor of Park Avenue Securities LLC (PAS), 8010 excelsior Dr., Suite 200, Madison, WI 53717.  Securities products/services and advisory services offered through PAS a Registered Broker-Dealer and investment Advisor (608)828-9800.  Annette Hammortree, Financial Representative The Guardian Life Insurance Company of America affilliate or subsidiary of PAS or Guardian.  O'Malley & Associates is a division of O'M & Associates, LLC.

Pas a member of FINRA,SIPC