skip navigation Menu 302-424-7777 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. What was the original face value of your loan? 0 200k 400k 600k 800k What is the annual interest rate on your loan? 2 4 6 8 10 What was the original term of the loan (in months)? 60 120 180 240 300 360 Previous Next This hypothetical example is used for illustrative purposes only. Actual results will vary. This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. 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 Broadridge Advisor Solutions. © 2021 Broadridge Investor Communication Solutions, Inc. Securities offered through First Allied Securities, Inc. (FASI), A Registered Broker/Dealer, Member: FINRA/ SIPC. Advisory Services offered through First Allied Advisory Services, Inc., A Registered Investment Advisor. This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security which may be referenced herein. We suggest that you consult with your financial or tax advisor with regard to your individual situation. Individuals affiliated with this broker/dealer firm are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services Important Disclosures | Business Continuity Site Map Check the background of this financial professional on FINRA's BrokerCheck