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Bi-Weekly versus Monthly Payment Calculator

How much will you save if you switch to Bi-Weekly payments? How much faster would you have paid off your mortgage using bi-weekly payments?

Enter Mortgage Information
Dollar amount of your mortgage :
Interest rate of your mortgage :
Term of your mortgage in months :
Current monthly mortgage payment :
Number of monthly payments you have already paid :
Compute
Your Current Mortgage
Dollar amount of your mortgage :
Percentage rate of your mortgage :
Your current monthly payment :
Total Interest paid :
Paid off in :
   
With the Bi-Weekly Plan
Your bi-weekly payment :
Total Interest paid :
Total Interest savings :
Paid off in :
Number of payments saved :
Equivalent interest rate :
   
If You Pay an Additional $25 Every Payment
Your bi-weekly payment :
Total Interest paid :
Total Interest savings :
Paid off in :
Number of payments saved :
Equivalent interest rate :
   
Save Even More By Paying an Additional $50 Every Payment
Your bi-weekly payment :
Total Interest paid :
Total Interest savings :
Paid off in :
Number of payments saved :
Equivalent interest rate :

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