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Magnolia Real Estate & Property Management, LLC
3510 Manor Drive
Vicksburg, MS 39180
Phone: (601) 638-8884
Fax: (601) 638-8874
The Accredited Buyer Representative (ABR®) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners by the Real Estate BUYER'S AGENT Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS® who meet the specified educational and practical experience criteria.An arrangement by which real estate brokers place their listings together so that all members of the multiple-listing service have an opportunity to sell properties listed by other members of the service.A real estate agent is a REALTOR® when he or she becomes a member of the NATIONAL ASSOCIATION of REALTORS® (USA) or the Canadian Real Estate Association (Canada). The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics.REALTORS® with the SFR certification can be a trusted resource for short sales and foreclosures.Broker Price Opinions (BPOs). REALTORS® with knowledge and skills to reduce risk, increase opportunities, and create professional BPOs.NAR's Military Relocation Professional certification focuses on educating real estate professionals about working with current and former military service members to find housing solutions that best suit their needs and take full advantage of military benefits and support.Hold mouse over logo for description.
Mortgage Calculator     
Calculators Provided by: IMAGEPROWEBSITE.COM

What if I Pay More Every Month?

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

Financial Analysis (Switch to Plain English)
  Standard Additional Payment
Monthly Payment : $1,122.61 $1,172.61
Total Monthly Payments : $404,136.95 $391,515.04
Interest Savings : $12,621.92
Length : 30 Yrs 0 Mts 27 Yrs 9 Mts
Time Saved : 2 Yrs 1 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 3.500% interest rate, for example, your monthly payment (interest and principal only) will be $1,122.61. By the time the 30 year time period is complete, you will have paid $404,136.95 for your home.

If you pay just $50.00 more each month, you will pay only $391,515.04 toward your home. This is a savings of $12,621.92. In addition, you will get the loan paid off 2 Years 1 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.