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?

$
 
   
   
RJS - Putting Together Your Financial Future - Northwest Chicago CPAs
1655 North Arlington Heights Road, Suite 306 West • Arlington Heights, IL • 60004
Phone: 847-670-5820 • Fax: 847-670-5821

jsimon@rjsimon.com (tax/accounting-related), jared.simon@genworthrr.com (investment-related)

Investment and insurance products distributed by Genworth Financial Securities Corp., member FINRA/SIPC and a licensed insurance agency (dba Genworth Financial Securities and Insurance Services in CA); investment advisory services are offered through Genworth Financial Advisers Corp., an SEC Registered Investment Adviser. Home offices at 200 N. Martingale Rd., Schaumburg, IL 60173; phone 888 528.2987.

RJ Simon, LLC and RJS Financial Management, LTD. are not affiliated with Genworth Financial Securities Corp. or Genworth Financial Advisers Corp.

Accounting and tax services are offered solely through RJ Simon, LLC which is not affiliated with Genworth Financial Securities Corp. or Genworth Financial Advisers Corp.

This is not a solicitation for sale of securities in any jurisdiction.

The registered representative(s) or investment adviser representative(s) referred to on this site may only transact business, effect transactions in securities, or render personalized investment advice for compensation, in compliance with state registration requirements, or an applicable exemption or exclusion.

Following are the states in which financial advisers are securities-registered: Jared Simon: AZ, CA, FL, IL, IN, NJ, NY, SC; Ronald Simon: AZ, FL, IL, WI.

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