Bi-Weekly Mortgage Calculator
This calculator will show you how much you can potentially save if you make ½ of your mortgage payment every two weeks instead of making a full mortgage payment once a month. In effect, you will be making one extra mortgage payment per year – without hardly noticing the additional cash outflow.
Enter the principal balance of your mortgage:
Enter the amount of your monthly mortgage payment:
Enter your mortgage's current interest rate:
Interest you will pay under your current monthly payment plan:
Interest you may pay if you switch to a bi-weekly mortgage payment plan:
Bi-weekly Mortgage Potential Interest Savings: