skip navigation

HELPING YOU RETIRE ONLY ONCE

Contact Us

836 10th Ave
Sidney, NE 69162
  • Phone:
    308-254-0914 <br>800-559-0914 (Toll Free)
  • Fax:
    308-254-0333
  • E-mail address: ghuck@yourfinancialassistant.com
  • E-mail address: mhuck@yourfinancialassistant.com
  • Home
  • About Us
    • Team
    • Working Together
    • Our Qualifications
    • Tell A Friend
    • Client Login
    • Next Phase
    • Guided Wealth Portfolios
  • Resources
    • Articles
    • Calculators
    • Flipbooks
    • Newsletters
    • Glossary
    • Tax Library
    • Videos
  • Market Watch
    • Detailed Quotes
    • Symbol Lookup
    • Multi Quote
    • Markets at a Glance
    • Charting
    • Portfolios
  • Request A Quote
    • Annuity
    • Long-Term Care Insurance
    • Group Health
    • Life Insurance
    • Individual Health
    • Disability Income Insurance
    • 401(k) Information Request
    • Information Request
  • Contact Us
  • Plan for Tomorrow
  • Live for Today
  • Let us help you plan for the future
share |
Printed from: www.yourfinancialassistant.com
  • 836 10th Ave, Sidney, NE 69162
  • 308-254-0914 <br>800-559-0914 (Toll Free) | ghuck@yourfinancialassistant.com, mhuck@yourfinancialassistant.com

Mortgage Acceleration

How Soon Could You Pay Off Your Mortgage?

If you have a variable rate loan, you could use either the current rate you are paying, an average over the course of the loan to date, or the highest or lowest rate you have paid to date.

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. This calculator is designed to show you how much time and money — over the life of the loan — you could save by paying an additional amount in your mortgage payment each month.

Making an additional principal payment of $100 to $200 per month to your usual payment could take years off the length of your loan and potentially save you thousands of dollars in interest.

Your Results

The results below show the time and money you would save by accelerating your mortgage payments. Other popular payment options you could consider to reduce the time and cost of your mortgage loan include making biweekly payments or making one additional payment each year. All of these strategies can help you save money and time without incurring the expense of refinancing. Keep in mind that not all mortgages have a prepayment feature so you should consult with the holder of your mortgage for the specifics of your situation.

The original face value of your loan: $0.00
Additional amount you are adding to your monthly payment: $0.00
By making this extra payment, you will save the following amount of interest: $0
Also, your home will be paid off this many years early: 0

The graph below shows the difference between paying your mortgage with the minimum required payments vs. adding the additional amount you specified to your mortgage payment each month. The more you can manage to pay each month, the faster you'll pay off your mortgage and the less interest you'll pay.

Accelerated Mortgage Projection

 

This hypothetical example is used for illustrative purposes only. Actual results will vary.

The information in this calculator is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Emerald Connect, LLC.
© 2019 Emerald Connect, LLC. All Rights Reserved.

background image for page 1 background image for page 2 background image for page 3 background image for page 4

Contact Us

836 10th Ave
Sidney, NE 69162
  • Phone:
    308-254-0914 <br>800-559-0914 (Toll Free)
  • Fax:
    308-254-0333
  • E-mail address: ghuck@yourfinancialassistant.com
  • E-mail address: mhuck@yourfinancialassistant.com

Market Watch

Last Closing Prices

Ticker Name Percent Difference (when noted with %) otherwise Last Price Difference (where applicable)
Dow Jones Industrials 25,891.32 +0.03%
Nasdaq Composite 7,486.77 +0.19%
Nasdaq 100 7,066.61 +0.16%
NYSE Composite 12,628.36 +0.20%

[ Markets | Charts | Quotes | Portfolio ]

Market data delayed per exchange rules.
All quotes are in US Eastern Time (EST).
Market data provided by ICE Data Services. ICE Limitations. Powered and implemented by FactSet. Legal Statement.

Learning Center

  • Articles

    Educate yourself on a variety of financial topics.

  • Calculators

    A host of financial tools to assist you.

  • Newsletters

    Timely Newsletters to help you stay current.

  • Videos

    A dynamic library of videos.

  • Flipbooks

    These magazine-style flipbooks provide helpful information.

  • Glossary

    Financial terms from A to Z.

  • Tax Library

    Manage your taxes and prepare for the upcoming tax season.

Securities and advisory services offered through LPL Financial, a registered investment advisor, Member FINRA/SIPC. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AZ, CA, CO, DE, KS, MN, NE, NC, ND, PA, SD, UT and WY.

This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed.

 


 


 

  • Privacy Policy
  • Site Map