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McHenry Savings Bank is proud to offer several custom selected financial tools to help our customers with their financial needs.

Please note that these tools are provided as an estimate only. They are not binding or to be used as a replacement for true financial advisement. McHenry Savings Bank welcomes you to make an appointment to discuss any financial questions. Please call us at 815-385-3000.

 

Mortgage Payoff Goal Calculator
This calculator will show you the additional monthly payment you will need to make on your current mortgage in order to pay it off within a specified number of years. It will also show you how much interest you will save if you make the calculated additional payment each month, from now until your mortgage is paid off.

Note: When entering your current monthly mortgage payment amount, be sure to enter only the principal and interest portion of your payment.

Enter the principal balance owed:
Enter the annual interest rate:
Enter the current monthly payment amount (principal &interest portion only):
Number of years you would like to pay off your mortgage in:
Additional monthly payment required:
Interest savings:

 

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