Bi-weekly Payments for an Existing Mortgage

This calculator shows you possible savings by using an accelerated bi-weekly mortgage payment. By paying

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Glossary

Bi-weekly payments
Bi-weekly savings are achieved by simply paying
Mortgage amount
The total dollar amount for this mortgage.
Interest rate
The interest rate on this mortgage.
Original mortgage term
The number of years over which you would repay this loan if you made your normal monthly payment. The most common terms for mortgages are 15 years and 30 years.
First payment date
The date your mortgage started. We will use this date to calculate the time and balance remaining on your loan.
Monthly escrow amount (optional)
If you pay escrow, this is the monthly escrow amount due. With the bi-weekly program
Monthly Prepayment amount (optional)
Prepayment increases your savings even more. An additional payment is strictly optional. If you are also prepaying, please include your monthly prepayment amount. With the bi-weekly program
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