Pikes PeakAssociation of REALTORS

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Loan Calculator/Amortization    Loan Comparison Calculator     Bi-Weekly Mortgage Calculator     Payoff Calculator

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.  

Enter the principal balance of your mortgage:  $

Enter the amount of your monthly mortgage payment:  $

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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430 N. Tejon Street,  Colorado Springs, CO  80903
PPAR: 719-633-7718          8:00 a.m. - 5:00 p.m. M-F
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