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?

$
 
   
   
State Department Federal Credit Union

Branch Locations Department of State Washington, DC Federal Center SW Washington, DC Fort McNair Washington, DC King Street Branch Alexandria, VA Clarendon Branch Arlington, VA

 • test,

Securities offered through Securities America, Inc., a Registered Broker/Dealer, Member FINRA/SIPC, Joseph Prentice, Walter Billodeaux, Mike Calandruccio, Registered Representatives. Advisory services offered through Securities America Advisors, Inc., Walter Billodeaux, Mike Calandruccio, Investment Advisor Representatives. State Department Federal Credit Union and Securities America are unaffiliated.

Not NCUA Insured - No Credit Union Guarantees - May Lose Value

Securities licensed in:  AE, AP, AZ, CA, FL, ID, IL, LA, MD, MO, MS, NH, NV, NM, NY, NC, OH, PA, SC, TN, TX, VA, WA, WI, and DC
Insurance licensed in:  MD, VA
Advisory licensed in: VA