Biweekly 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 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! And at Capital there is no pre-payment penalty.
Please Note: Do not enter dollar signs, percent signs, or commas!
Enter the principal balance of your mortgage:
Enter the amount of your monthly mortgage payment:
Enter your mortgage's current interest rate:
Interest you will pay under your current monthly payment plan:
Interest you pay if you use a Biweekly mortgage payment plan:
Biweekly Mortgage Interest Savings:
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