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Bi-Weekly Vs. Monthly Loan Calculator
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This calculator will help you to compare the costs between a loan that is paid off on a bi-weekly payment basis and a loan that is paid off on a monthly basis.
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Enter the principal balance owed:
(call your lender and ask for the current payoff amount)
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Enter the annual interest rate percentage:
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Enter the number of months:
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Here is your monthly payment amount:
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Here is your bi-weekly payment amount:
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This is how much interest you will pay using monthly payments:
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This is how much interest you will pay using bi-weekly payments:
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Bi-weekly Mortgage Interest Savings:
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