I created the table below to illustrate the savings.
This is based on a 30 year $100,000 mortgage at 4% interest.
Extra Payment Monthly Years Saved Off Mortgage
0 0
50 5 Years
100 8.5 Years
150 11.08 Years
200 13.08 Years
250 14.6 Years
If you would like to see how much an extra payment would effect your mortgage just call me or email me and give me your numbers on your mortgage. …I’ll be happy to help you!
That’s it for today!
Have a good day! …and thanks for reading.
Brett
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