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 { $vars.Length } year loan for { $lang.Currency }{ $vars.Amount } with a { $vars.Interest}% interest rate, for example, your monthly payment (interest and principal only) will be { $lang.Currency }{ $vars.PeriodPayment }. By the time the { $vars.Length } year time period is complete, you will have paid $429,669.80 for your home. If you pay just $50.00 more each month, you will pay only $414,435.74 toward your home. This is a savings of $15,234.06. In addition, you will get the loan paid off 2 Years 1 Months sooner than if you paid only your regular monthly payment. |