Bi-Weekly Mortgage Calculator

This calculator will demonstrate how much you can 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.

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:
 
 
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:
 

Note: This Financial Calculator is intended to provide approximate information about your payments and does not constitute an offer to extend credit. Your actual payment information may vary. Please contact the credit union for exact payment information.

NOTE: This form only works with JAVASCRIPT enhanced browsers (like Netscape Navigator (4.0 or higher) or MS Internet Explorer (4.0 or higher)


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