Bi-Weekly Vs. Monthly Loan Calculator

A bi-weekly mortgage is a great way to budget yourself to pay one extra mortgage payment each year thus building equity faster, paying off your mortgage earlier, and saving you thousands of dollars in interest charges. This calculator will help you to compare the costs between a loan that is paid off on a bi-weekly payment basis and a loan that is paid off on a monthly basis.

Enter the principal balance owed:
(call your lender and ask for the current payoff amount)
Enter the annual interest rate percentage:
Enter the number of months:
Here is your monthly payment amount:
Here is your bi-weekly payment amount:
This is how much interest you will pay using monthly payments:
This is how much interest you will pay using bi-weekly payments:
Bi-weekly Mortgage Interest Savings:

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