This is a simple calculator which will help you find out the interest that you will save by paying your mortgage dues twice a month instead of once a month.

Enter the amount you have borrowed or intend to borrow. Also enter the interest rate charged and your monthly repayment. This calculator will give you the interest that you will pay under monthly payment, interest that you will pay under bi-weekly payment and the interest that you will save.

Bi-Weekly Mortgage 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 the 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:
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