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?

$
 
   
   
Paine Financial & Insurance Services, Inc.
San Jose, CA • 95125
Phone: (408) 995-6851 • Fax: (408) 995-6855
www.painefinancial.com • info@painefinancial.com

Scott Paine is licensed in AZ, CA, CO, DE, MO, NV, NY, OH, OR, TX and VA  to offer life insurance (including variable life), annuities (including variable annuities),  health and securities registered in CA and OR . This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Scott Paine may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Scott Paine that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution he represents, contact your state securities law administrator.  

Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company; Des Moines, IA 50392.  Securities offered through Princor Financial Services Corporation, member SIPC, 800-247-1737. Principal National, Principal Life and Princor® are members of the Principal Financial Group, Des Moines, IA 50392. Scott Paine is a Princor Registered Representative, Financial Advisor and Financial Representative of Principal National and Principal Life.

Principal Life maintains certificates of authority to transact insurance in all 50 states. Principal Life NAIC identification number is 61271. Principal National NAIC identification number is 71161.

 

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