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HOME REFINANCE
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HOME PURCHASE
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HOME EQUITY
Debt Consolidation

FHA HOME LOAN
Government Loan

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What if I Pay More Every Month?

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

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Financial Analysis (Switch to Plain English)

	Standard	Additional Payment
Monthly Payment :	$1,663.26	$1,713.26
Total Monthly Payments :	$598,762.60	$561,182.47
Interest Savings :	$37,580.13
Length :	30 Yrs 0 Mts	27 Yrs 3 Mts
Time Saved :	2 Yrs 7 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 7.000% interest rate, for example, your monthly payment (interest and principal only) will be $1,663.26. By the time the 30 year time period is complete, you will have paid $598,762.60 for your home. If you pay just $50.00 more each month, you will pay only $561,182.47 toward your home. This is a savings of $37,580.13. In addition, you will get the loan paid off 2 Years 7 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.

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EMPLOYMENT OPPORTUNITIES

American Financing is a Mortgage Banker offering the best rates for a Home Purchase,
Refinance Mortgage Loan and Home Equity Loans. in the following states.

American Financing
3151 South Vaughn Way, Suite 500, Aurora, CO 80014

Phone (303) 695-7000
Toll Free (866) 750-6551
Toll Free Fax (866) 225-6533

Hours of operation: Mountain Time
Monday - Thursday 7am to 7:30pm | Friday 7am to 6pm | Saturday 9am to 5pm | Sunday 9am to 5pm