Bi-Weekly Mortgage Calculator

%CODE3% Save thousands of dollars with this painless method. Bi-Weekly mortgage payments drastically reduce the interest paid and the time to pay off your mortgage! Use this Bi-Weekly mortgage calculator to determine how much you can save in interest and how much sooner you will pay off your mortgage.

Remember we are paying our mortgage every two weeks not every 1/2 month. So… since there are 52 weeks in a year we are actually making 26 “half” payments. Or the equivalent of 13 “whole” payments a year. So rather than making 12 payments in a year you painlessly slide in another payment.

I say painlessly because your payments are actually smaller and more evenly spread out so you don’t notice them as much as the one big monthly mortgage payment. And because they are spread more evenly budgeting actually becomes easier.

Read More about how a Bi-Weekly Mortgage works.

Bi-Weekly Mortgage Calculator
This calculator will show you how much you will  save if you make 1/2 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. But, as your about to
discover, you will certainly notice the increased cash flow that will occur when you pay  your mortgage off way ahead of schedule!
Enter the principal balance of your mortgage(call your mortgage lender and ask  for the current payoff amount):
Enter the amount of your monthly mortgage payment: (principal and interest portion only):
Enter the your mortgage’s current interest rate:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay if you switch to a bi-weekly mortgage  payment plan:
Bi-weekly Mortgage Interest Savings:
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Inflation can affect your mortgage planning. Inflation Calculators come is a variety of sizes and shapes for a variety of purposes.

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