skip navigation Home About Us Resources Request A Quote Contact Us 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. Please read below for important disclosures about the way we conduct business. We also welcome you to stay and take a look around our site to learn more about who we are and what we do. Securities offered through Cambridge Investment Research, a Broker/Dealer, Member of FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, a Registered Investment Advisor. Planned Futures LLC and Cambridge are not affiliated. This communication is strictly intended for individuals residing in the states of: AL, AZ, CA, CO, DE, FL, GA, KS, LA, MD, MI, MN, MS, NE, NY, NJ, NC, OH, OK, PA, CS, TX, VA, and WV. No offers may be made or accepted from any resident outside of the specific states referenced. Content provided via links to third party sites should not be considered an endorsement to third party content. We make no representations as to the completeness or accuracy of information provided at these websites. Content/postings pertaining to fixed insurance services do not relate to securities or advisory services and are not affiliated with Cambridge. Site Map Check the background of this financial professional on FINRA's BrokerCheck