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Bi Weekly Mortgage Calculator

Bi Weekly Mortgage Calculator

The Bi weekly mortgage calculator allows you to see the months you could take off the end of your conventional mortgage by making a payment every two weeks instead of just once a month. Paying Bi weekly adds a full payment to your balance each and every year.
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Bi Weekly Mortgage Calculator - How it works

Start by entering in the amount still owed on your home mortgage loan or note. Next enter the amount you pay on that loan each month, and finally enter in your current interest rate. You can also test different future rates by receive a free California mortgage rate quote.
For example, if you still owe $165,786 on your loan, then that would be your principal. If you pay say $1,234 on that loan per month, that would be your monthly payment, and than the rate you were given on your mortgage. Example 6%, 7.75%, 9.25%, etc...
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Enter the principal balance of your loan:
Enter the amount of your monthly loan payment:
Enter the your loans current interest rate:
Interest paid under your current monthly payment plan:
Interest paid if you switch to a bi-weekly payment plan:
Bi-weekly loan Interest Savings:

 

 

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