Last Updated: Sunday, 05 February 2012 06:25 am
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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. In effect, you will be making one extra mortgage payment per year--without hardly noticing the additional cash outflow. But, as your about to discover, you will certainly notice the increased cash flow that will occur when you pay your mortgage off way ahead of schedule!
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:
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About Thomas Park - Knowing what you your needs and desires are in regards to real estate, Thomas works for you and your familly to deliver accurate and timely advice on your next purchase or sale. Purchasing a home, or an investment property is probably one of the most important decisions you will ever make. Selecting the right home is of major importance and having that transaction occur in a timely and professional manner is equally important. A Vancouver native for over 20 years, Thomas has that experience and the understanding of the area & the process from both the buyers and sellers perspective. Let Thomas make that experience a memorable one! [ February 05, 2012 ]