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?

$
 
   
   
Lincoln Investment Planning, Inc.
25375 Orchard Village Road
Suite 107		 • Santa Clarita, CA • 91355
(661) 259-3473

518 Avenue F Suite 1
Redondo Beach, CA 90277
(310) 530-2806


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Martin Clement,  CLU®, ChFC®, CFP®, is a Financial Representative of and offers securities through Lincoln Investment Planning, Inc., Registered Investment Advisor, Broker Dealer, Member FINRA/SIPC.  Martin's California Department of Insurance Number is 0A48726.

This site has been prepared for informational purposes only and is not intended to be a solicitation, offer or sale of securities products or investment advisory services to anyone who resides outside of the U.S.  Lincoln Investment Planning, Inc. is registered as an investment advisor with the U.S. Securities and Exchange Commission as a broker dealer in all 50 states.  Lincoln and its financial representatives may only transact business in a particular state if first registered and only after complying with registration requirements.

Supervising Office: 218 Glenside Avenue, Wyncote, PA 19095 (215) 887-8111