Mortgage Wellesley Massachusetts and surrounding areas Chris Shedd.
Mortgage Resources
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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
Enter the 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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