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?

$
 
   
   
Hodnett Insurance Services
4242 Fowler Lane Suite 201 • Diamond Springs, CA • 95619
Phone: 530-622-0592 • Fax: 530-622-1853
• hodnettw@financialnetwork.com

Securities and advisory services offered through Financial Network Investment Corporation, member FINRA, SIPC.

Serving all of El Dorado County including: Diamond Springs, Placerville, Camino, Pollock Pines, Somerset, Mt. Aukum, Grizzly Flat, El Dorado, Shingle Springs, Cameron Park, El Dorado Hills, Georgetown, Rescue, Cool, Pleasant Valley, Coloma, Garden Valley, Lotus, Pilot Hill, and Kyburz. Also parts of Amador County and Sacramento County.


Specializing in: Health / Medical Insurance, Dental Insurance, Vision Insurance, Life Insurance (Term, Universal, Whole), Disability Insurance, Long Term Care.

 

Registered to sell securities  in the following states:  California, Illinois, Ohio and Utah

Licensed to sell insurance products in the following states:  California


Hodnett Insurance Service is not affiliated with Financial Network Investment Corporation

The registered representative(s) and/or investment adviser representative(s) listed on this website are licensed and registered in the following states:

We are licensed to sell Insurance Products in CA.

We are registered to sell Securities in CA,IL,OH,UT.

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