Biweekly Mortgage Calculator

This biweekly mortgage calculator is a great way to help budget yourself to pay one extra mortgage payment each year. This process helps to build equity faster, pay off your mortgage earlier, and save thousands of dollars in interest charges. This biweekly 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:

Other Mortgage Calculators

Mortgage Loan Articles



Finance News Today provides this personal finance information as a free service to the general public.
Copyright © FinanceNewsToday - All Rights Reserved | Legal Disclaimer | Privacy Policy | Personal Finance Directory