Biweekly Payment Savings Calculator
With biweekly payments, you pay half of the monthly mortgage payment every 2 weeks, rather than the full balance once a month. This is comparable to 13 monthly payments a year, which can result in faster payoff and lower overall interest costs. Insert any figures into the WHITE fields and hit "Click here to calculate" to solve for any of the GREEN fields to see how much you will save.
|
|