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Financial Wizards

Bi-Weekly Mortgage Calculator

This calculator will demonstrate 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 will be making one extra mortgage payment per year.
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:
 
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:
 

Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their accuracy or their applicability to your circumstances. Please note that estimated mortgage loan payments only include principal and interest calculations. Tax and insurance payments may increase this figure. We encourage you to seek personalized advice from our Real Estate professionals regarding your individual mortgage needs.


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