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Financial Calculators





Bi-Weekly Mortgage Calculator

If you are making monthly mortgage payments you might be interested to know what effect it would have in the long term if you paid half the monthly amount every two weeks. This works out at one extra monthly payment a year, and maybe you could manage this without really noticing the difference. But you will certainly see the difference when you have paid the mortgage off a lot earlier. This Mortgage Calculator will show you how much interest you will save and the full cost benefit of making half mnnthly payments every two weeks.

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:

£

See all our Financial Calculators

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