Georgetown Accountant.com
Ronald H. Barrick
Certified Public Accountant

Home > Resources > Financial Calculators > Bi-Weekly Mortgage Calculator
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. Effectively, you will be making one extra mortgage payment per year. As you're about to discover, a few extra dollars per month can save a significant amount of interest over the life of the mortgage.

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:


© 2008 - Ronald H. Barrick, Certified Public Accountant (Georgetown, Texas). All rights reserved