Custom Search Financial Freedom
Download the Small Groups kit for only $19.90!
 
FINANCIAL FREEDOM
   
|home|articles|financial tools|newsletter|downloads|more than 25,000|financial resources| Bookmark and Share
Free newsletter
If you are a pastor, a small groups leader, or just a christian, this newsletter is for you. A source of financial tips, inspiration, and vision for expanding God's kingdom through Biblical financial freedom.
 
Master Your Money
 
Financial Articles
Talk of Financial Crisis II, get out of debt now
Global Debt Crisis II? Financial security in economic uncertainty
Charges that lead to a debt row sentence
Before you take a housing loan
Credit for dinner, debt for breakfast
Keep your credit (cards) clean
more...
 
 
Financial Tools
Financial Glossary
Financial Newsletter
Financial Downloads
Financial Store
estore
DVDs (multi-region)
estore
Instant Downloads
  estore DVD eWorkbooks
  estore DVD eLeader's Guide
  estore Small Group tools
  estore Powerpoints & eWorkbooks
   
Business by the Book DVD
Mortgage calculators

What if I Pay More Every Month?

Input Information
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Years)
Additional Payment
Additional Payment : ($)

Send to Email Address :
Name :
Phone # :



Financial Analysis (Switch to Plain English)
  Standard Additional Payment
Monthly Payment : $1,342.05 $1,392.05
Total Monthly Payments : $483,133.89 $461,835.60
Interest Savings : $21,298.29
Length : 30 Yrs 0 Mts 27 Yrs 8 Mts
Time Saved : 2 Yrs 4 Mts
Plain English Help (Switch to Financial Analysis)

When it comes to a home mortgage loan, you can actually pay off the loan much more quickly and save a great deal of money by simply paying a little extra each month.

If you take out a 30 year loan for $250,000.00 with a 5.000% interest rate, for example, your monthly payment (interest and principal only) will be $1,342.05. By the time the 30 year time period is complete, you will have paid $483,133.89 for your home.

If you pay just $50.00 more each month, you will pay only $461,835.60 toward your home. This is a savings of $21,298.29. In addition, you will get the loan paid off 2 Years 4 Months sooner than if you paid only your regular monthly payment.

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

Scriptural Financial Freedom home | Articles | Tools | Newsletter | Download | Audio | Resources | Directory | Jobs | Disclaimer

All rights reserved.  Copyright (c) 2006 - 2010 by Scriptural Financial Freedom