Calculators

This calculator will show you how much you will save if you make half of your mortgage payment every two weeks instead of making a full mortgage payment once a month. Making bi-weekly payments means you will be making one extra mortgage payment per year.  You will hardly notice the small, additional cash outflow. But, as you will see, you will certainly notice a big change in your finances when you pay your mortgage off ahead of schedule!

Enter the principal balance of your mortgage.  (You may want to 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 current interest rate: (Use decimals instead of percent, eg. for a 7.25% mortgage enter .0725)

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:

Your summary and analysis: