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?

$
 
   
   
Selective Benefits Group
Selective Benefits Group
17 Wilrich Glen
Morristown, NJ 07960
Phone: 973-417-6880
Fax: 973-359-8822
E-mail: abluestone@sbgroup.com

and

Selective Benefits Group
15 Cottage Place
Allendale, NJ 07401
Phone 201-962-7237
Fax: 201-961-6861
E-mail rbrown@sbgroup.com
www.sbgroup.com

Securities and advisory services offered through Ameritas Investment Corp (AIC) Member FINRA (www.finra.org)  / SIPC (www.sipc.org) . AIC and Selective Benefits Group are not affiliated. 

Representitives of AIC do not provide tax or legal advise. Please consult your tax advisor or attorney regarding your situation.

This is not an offer of securities in any Jurisdiction, nor is it specifically directed to a resident of any jurisdiction.  As with any security, request a prospectus from your registered representitve.  Read it carefully before you invest or send money.  Securities products are limited to residents of NY, NJ, PA and FLA.