Bi-Weekly Mortgage Calculator

This calculator shows you possible savings by using an accelerated bi-weekly mortgage payment. Bi-weekly payments accelerate your mortgage payoff by paying 1/2 of your normal monthly payment every two weeks. By the end of each year, you will have paid the equivalent of 13 monthly payments instead of 12. This simple technique can shave years off your mortgage and save you thousands of dollars in interest. Click on the "Calculate" button to see your savings!

Principal Balance of Mortgage $
Monthly Mortgage Payment $
Interest Rate %
Interest under current monthly plan: $
Interest under bi-weekly mortgage: $
Bi-weekly Mortgage Interest Savings: $