I wanted to illustrate how paying extra on your mortgage each month can shave years off your mortgage.
This chart 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 affect your mortgage just call or email our office.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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