Mortgage Free New England

MMA Comparison

Compare a $200,000, 6%, 30 yr fixed mortgage to an average Money Merge Account

                              Conventional Method     MMA Program

Years to payoff mortgage      30                      11.3

Effective interest rate          6.0%                    1.657%

Interest paid                       $231,677              $54,897

Interest saved                     $0                       $183,056

Retirement Account*           $0                       $494,000

*Retirement Account using the money that would have been used to pay the mortgage after the 11.3 years with the MMA program through year 30.

 

                              
  

After viewing this comparison, you might wonder how the MMA Program would compare to your personal mortgage and situation.  Please contact me for a free analysis

Diane Morrissette   603.494.7484

 

Diane Morrissette, United First Financial Agent    603.494.7484  dmorrissette@mortgagefreeconcept.com