If you are already a saver, you might ask yourself the question "what if I save more"? Increasing your current savings rate by even 1% can yield significant results. Save even more, and the results are even better. The more you can save, and the longer you can save will open your savings up to the magic of compounding, or the ability to earn interest on your re-invested earned interest.
The Impact of Saving More
The Impact of Saving More
Savings Summary
Savings at Current Rate
$ 114,961
With Additional Savings
$ 125,012
By saving an additional 1% more, over your 10-year evaluation period, you will save an additional $10,051.
This calculator is for illustrative purposes only, and is based on information you provided. Actual payment, interest rate, and loan amortization schedule will be determined at time of loan approval.