Will Bi-Weekly Payments Benefit You?

Bi-weekly payments can significantly shorten the term of your loan. Use this calculator to explore how much money you could save on your mortgage by making payments every two weeks instead every month. 

The principal balance of your mortgage (check your most recent mortgage statement for your current loan balance)
The amount of your monthly mortgage payment (principal and interest portion only)
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