Skip to main content

IMPORTANT INFORMATION

COVID-19 Readiness: We are here to help. Review current updates and how you can stay connected. Click here for small business relief.
Updated: Wed, April 08, 2020 at 12:58pm EDT

fairwinds.org | Get the freedom to go further.

It may surprise you that most banks and mortgage companies collect two to three dollars for every dollar that you borrow! However, there is a way to accelerate mortgage payoff using a method called Bi-Weekly Mortgage Payments. This program is implemented by dividing your monthly mortgage payment in half and paying it every other week - resulting in a net effect of paying an extra payment toward principal each year.

Assumptions

$
.00
%

This calculator is for illustrative purposes only and is not a guarantee of credit.