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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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"Every real estate transaction must satisfy and fulfill your unique real estate needs." As a full time realtor, Chris Tioseco has an extensive knowledge of Vancouver, this wonderful urban city that he calls home. Driven to deliver exceptional results, Chris approaches each real estate opportunity with the same enthusiasm, expertise and professionalism that he would his own. Selecting your next home is one of the most important decisions you will ever make. Let Chris work diligently with you to achieve your current and future real estate goals." Site Updated [ 04/23/07 ]