Save $1,000's !

Shorten Your Loan Term
Loans that ordinarily take 30 years to amortize will pay off in approximately 22 years when paid bi-weekly using an 7% interest rate as the example rate.  If your rate is higher than 7%, it will take even less time to pay off your mortgage!

Substantial Interest Savings
Due to the faster amortization, you pay interest on a smaller loan balance and for a shorter period of time -- which result in substantial interest savings over the life of the loan.

Convenient Payments
You will enjoy the convenience of having payments drafted automatically from your bank account.  In addition, payments are times to coincide with payroll deposits for easier budgeting.

Bi-Weekly Mortgage Calculator
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:
Interest you will pay under your current monthly payment plan:
Interest you will pay if you switch to a bi-weekly payment plan:
Bi-weekly Mortgage Interest Savings:

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 you're about to discover, you will certainly notice the "increased" cash flow that will occur when you pay your mortgage off way ahead of schedule!

Note: When entering numbers into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error. Also please note that this calculator has been tested to work with Internet Explorer 5.5 and Netscape Navigator 4.6 web browsers. However, both must have the JavaScript option turned on.

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