Peterson Wealth Services, Inc.
Billy Peterson, CFP®, CDFA®
Shaun R. Peterson, FA, CDFA®
1523 East Skyline Dr
Suite C
So. Ogden, UT 84405
801-475-4002
Fax: 801-475-4015
Billy.Peterson@RaymondJames.com
http://petersonws.com
 
 




Loan / Mortgage Payment Adjustment Calculator
Loan / Mortgage Payment Adjustment Calculator

Making payments in addition to your regular payments can help you pay off your loan early and reduce the total interest paid.


Current Loan
Current Balance $
Annual interest rate %
Remaining Term Years Months
Monthly Payment (calculated) $
Additional Payment
Amount $
Frequency
Paid for how long?
Set Period Years Months

If you choose to make additional payments to the end of the loan (rather than for a set period), the set period years and months are not used.



This calculator assumes that no other amounts are borrowed with respect to the loan during the remaining term.

This calculator assumes a fixed interest rate.

This calculator does not take into account the effect of federal or state taxes, or any fees.

Payments are assumed to be made at the end of each period (month, quarter, or year, as appropriate).

This calculator should be used as a general guide only. Every situation is unique, and this calculator illustrates just one possible approach to minimizing overall interest paid on your debts.



This information, developed by an independent third party, has been obtained from sources considered to be reliable, but Raymond James Financial Services, Inc. does not guarantee that the foregoing material is accurate or complete. This information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
 


Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.