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Bi-Weekly Mortgage Calculator - Find Out Your Monthly Payment and Savings

This calculator shows 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.  The results will be your mortgage will be paid off years ahead of schedule!

Enter the principal balance of your mortgage
(Estimate or call your mortgage lender, ask for 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 many months it will take you to pay off your loan under your current monthly payment plan:
This is how much interest you will pay if you switch to a bi-weekly mortgage payment plan:
This is how many months it will take you to pay off your loan if you switch to a bi-weekly payment plan:
Bi-weekly Mortgage Interest Savings:
Bi-weekly Payment Time Savings (# of Months):


 

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