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B.F. (Biff) Adam, III
Wealth Strategies and Transfer Planning
Office: (281) 370-0905
Direct: (832) 722-7755
Fax: (281) 205-4630
Email

Greg Buchanan
Individual and Corporate Financial Planning, and Wealth Advisory Services
Office: (713) 869-3104
Direct: (832) 798-9043
Fax: (713) 869-4852
Email

Teri O'Connor
Corporate Retirement Plan Development
Office: (281) 367-5393
Direct: (281) 799-8762
Fax: (832) 442-5706
Email

Johnny Wagner
Employee Benefits
Office: (713) 728-7286
Direct: (281) 686-4600
Fax: (713) 728-7287
Email

Martha Rios
Retirement and 529 Plans
Office: (281) 367-5393
Direct: (713) 858-8857
Fax: (832) 442-5706
Email

Ashley Dominguez
Personal Financial Planning
Office: (832) 289-5557
Fax: (713) 881-8740
Email
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  • 57% of U.S. workers have saved less than $25,000 for retirement.* -- *2015 Retirement Confidence Survey, EBRI
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  • ALTUS CONSULTING GROUP
  • B.F. (Biff) Adam, III Wealth Strategies and Transfer Planning Office: (281) 370-0905 Direct: (832) 722-7755 Fax: (281) 205-4630 Email Greg Buchanan Individual and Corporate Financial Planning, and Wealth Advisory Services Office: (713) 869-3104 Direct: (832) 798-9043 Fax: (713) 869-4852 Email Teri O'Connor Corporate Retirement Plan Development Office: (281) 367-5393 Direct: (281) 799-8762 Fax: (832) 442-5706 Email Johnny Wagner Employee Benefits Office: (713) 728-7286 Direct: (281) 686-4600 Fax: (713) 728-7287 Email Martha Rios Retirement and 529 Plans Office: (281) 367-5393 Direct: (713) 858-8857 Fax: (832) 442-5706 Email Ashley Dominguez Personal Financial Planning Office: (832) 289-5557 Fax: (713) 881-8740 Email
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Mortgage Acceleration

How Soon Could You Pay Off Your Mortgage?

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.

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.

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Contact Us


B.F. (Biff) Adam, III
Wealth Strategies and Transfer Planning
Office: (281) 370-0905
Direct: (832) 722-7755
Fax: (281) 205-4630
Email

Greg Buchanan
Individual and Corporate Financial Planning, and Wealth Advisory Services
Office: (713) 869-3104
Direct: (832) 798-9043
Fax: (713) 869-4852
Email

Teri O'Connor
Corporate Retirement Plan Development
Office: (281) 367-5393
Direct: (281) 799-8762
Fax: (832) 442-5706
Email

Johnny Wagner
Employee Benefits
Office: (713) 728-7286
Direct: (281) 686-4600
Fax: (713) 728-7287
Email

Martha Rios
Retirement and 529 Plans
Office: (281) 367-5393
Direct: (713) 858-8857
Fax: (832) 442-5706
Email

Ashley Dominguez
Personal Financial Planning
Office: (832) 289-5557
Fax: (713) 881-8740
Email

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