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Mortgage Bi-weekly Calculator

 

This calculator will show you how much you can 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 are making one extra mortgage payment per year!

 

Enter the remaining principal balance of your mortgage:  
Enter the amount of your monthly mortgage payment:  
Enter your mortgage's current interest rate:  
 
 
This is the total interest you will pay currently:  
This is the total interest you will pay if you start paying bi-weekly:  
This is the total amount of interest you will save:  
 

 

The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Results should be discussed with a qualified professional before any product purchases or loan commitments are made.