bi-weekly 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 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:



 



RateWatch is a free interest rate notification service.  Click the link then enter your desired interest rate and email address.  You will then be notified when your interest rate is available.



testimonials

My mortgage experience was very easy. He was always quick to respond to my calls and I received the best rate after searching everywhere. A very satisfied customer!

Kevin Mundy

The closing of my home loan went very smoothly. This is my first home and I found the process to be easier than most would have you to believe.  The rate and service was outstanding.

Chris Parker

The pre-approval letter was issued in an astonishingly rapid timeframe. He spent a great deal of time with me and I knew exactly what to expect at the closing and exactly what to bring "to the table".

 

John and Joan Currie