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?

$
 
   
   
Omega Financial Group
37 West 7th Street, Suite 401 • Cincinnati, OH • 45202-2414
Phone: 513-241-6325 • Fax: 513-357-4293
• tgraner@htk.com gkoumoutsos@htk.com jmchugh@htk.com

*Registered Representatives of, and Securities and Investment Advisory services offered through Hornor Townsend & Kent,Inc, (HTK), Registered Investment Adivsor, Member FINRA/SIPC. 36 East Seventh Street, Suite 1620 Cincinnati, OH 45202-4461. (513) 369-0505.  Omega Financial Group is independent of HTK.  HTK is a wholly owned subsidiary of the Penn Mutual Life Insurance Company.

Our representatives are insurance and securities licensed in Ohio (OH) and Kentucky (KY), as well as many additional states.  For complete licensing information, please go to our Licensing page.  This is not an offer or solicitation in any state where not properly licensed or registered.

A2RB-0206-03

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