Add,Few,Dollars,Your,Mortgage, family Add A Few Dollars To Your Mortgage Payment
Raising a family can be challenging and stressful at times. However, the common goals and emotional, financial, and physical investments made can be a common bond between husband and wife. One that compliments their marriage relationship.Of A lot of women avoid wearing nice clothes when they getpregnant because they believe that they look fat or ugly. You know that theresnothing more beautiful than a pregnant woman glowing and smiling, so youshouldnt hide your body during p
The chart below gives examples of three different loan terms and what paying between $75 to $100 more a month would do to the mortgage. It is based on a $100,000.00 loan at 7% interest. Years Int Rate Payment Interest Total of Payments Savings307% $665.30 $139,508.00 $239,508.00 N/ARound Payment to $750.00 $93,994.86 $193,994.86 $45,513.14 This loan would be paid off in 259 months instead of 360.207% $775.30 $86,072.00 $186,072.00 N/ARound Payment to $850.00 $69,409.58$169,409.58 $16,662.42 This loan would be paid off in 199 months instead of 240.157% $898.93 $61,789.40 $161,789.40 N/ARound Payment to $1000.00 $50,517.67 $150,517.65 $11,271.73 This loan would be paid off in 151 months instead of 180.By adding $84.70 to your 30 year loan you can save $45,513.14 and pay the loan off in 21 1/2 years.By adding $74.70 to your 20 year loan you can save $16,662.42 and pay the loan off in 16 1/2 years.By adding $101.07 to your 15 year loan you can save $11,271.73 and pay the loan off in 12 1/2 years.You can also see by the chart that obtaining a shorter loan termwhen you buy your house can save a lot of money. There are a couple of things that you need to check. First is that your loan agreement doesn't allow the loan company to charge penalties for early payment. Secondly, if you itemize your federal income taxes and deduct mortgage interest, paying less interest will mean a lower deduction. I believe it is safe to say that the interest savings will far outweigh the tax savings.Even if you don't have $75 to $100 a month to add to your mortgage payment, even $25 would save a lot.If you would like to have your own Loan Calculator, just visitwww.pine-grove.com to download their Loan*Calculator! Plus. This is a free version and has everything the average family can use. It is also the Loan Calculator I have used for several months. Highly Recommended. Article Tags: Mortgage Payment, N/around Payment, Loan Would, Months Instead, Year Loan
Add,Few,Dollars,Your,Mortgage,