The biweekly mortgage calculator will help you decide if making biweekly mortgage payments is right for you. This means that you will pay half of your mortgage payment every two weeks instead of making a full mortgage payment once a month. Though you will be making one extra mortgage payment per year, there is an opportunity for savings, as this will help you pay off your mortgage ahead of schedule. Enter your information below to see how much you can save!
Instructions: Complete the top 5 entry fields and click the “Compute” button. If you are entering data for a future mortgage, you can leave the “Current monthly mortgage payment” field blank, and the calculator will compute the payment for you.
Disclaimer: These calculators are for information purposes only. Consult a financial professional for further advice.