--------------------------------------------------------------- Summary
This calculator will
help approximate how much total interest you
can save on your mortgage loan if you were
to switch from monthly payments to bi-weekly
ones, and how much quicker you can pay off
the loan.
How
to Use the Bi-Weekly Mortgage Calculator
The results of this bi-weekly mortgage calculator
are for comparison purposes only. The results
may vary and are only approximations. This
calculation is meant more for Conforming Fixed
loans. It will not work on Interest-Only loans.
To use, enter values for the Remaining Mortgage
Balance, Monthly Mortgage Balance, and Monthly
Interest Rate. You can look at your Mortgage
statement for help in getting this information.
After you enter the necessary data select
the Calculate button. Clicking the Reset button
will clear entered values.
Enter only numeric values (no
commas), using decimal points where
needed. Non-numeric values will cause errors.
Enter
only numeric values (no
commas), using decimal points where
needed. Non-numeric values will cause errors.
In
Brief
Here is a simple calculator
to help approximate what you would save if you
were to switch from a monthly mortgage payment
to a bi-weekly payment
