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?

$
 
   
   
Towers Wealth Management, Inc.
17910-B Cottonwood Drive • Parker, CO • 80134
Phone: 303-693-1234 • Fax: 303-693-8007
• towerstax@towerstax.com

*Deborah A. Towers is a registered representative registered to transact business with clients in the state of Colorado, California, Florida, Massachusetts, New York, North Carolina and Washington.  Deborah A. Towers is also an investment advisor representative licensed in the state of Colorado, California, Florida, North Carolina and Massachusetts.  Deborah A. Towers is insurance licensed in the state of Colorado.  If you are not a resident of the states noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities, investment advisory services or insurance services over the internet.  Securities offered through H.D. Vest Investment ServicesSM, Advisory Services offered through H.D. Vest Advisory ServicesSM, Member:  SIPC, .



Gale Hatley is a registered representative registered to transact business with clients in the state of Colorado.  If you are not a resident of the state noted above, all investment-related information on this site is for informational purposes only and does not constitute a solicitation or offer to sell securities or insurance services over the internet.  Securities offered through H.D. Vest Investment ServicesSM, Member:  SIPC.  

Investments & Insurance Products:



Certified Senior Advisros (CSA) have supplemented their individual professional licenses, credentials and education with knowledge about aging and working with seniors.  Know what those licenses, credentials and education signify.  The CSA designation alone does not imply expertise in financial, health, or social matters.

Towers Wealth Management, Inc. is not a registered broker/dealer or independent investment advisory firm and can not directly offer investment advice or services.