New Visitor? Start Here Member Login

- Home

• Calculators +
• Resources +
• Topics +
• Products +
• Coaching +
• Podcast +
• About +
  
  ( Includes Optional Extra Payment & Amortization Schedule)
  
  This bi-weekly mortgage calculator has more functions than a lot of including the ... reveal more directions ability to include an additional payment and print amortization schedules.
  
  Use this calculator to figure just how much interest you can save by making 1/2 of your mortgage payment every 2 weeks rather of a full payment monthly. The net effect is simply one extra mortgage payment annually but the interest savings can be dramatic.
  
  Also, this calculator has the ability to add an extra amount (additional payment) to the monthly mortgage and turbo charge your interest cost savings. With this unique 4 column format you can compare circumstances side-by-side, print amortization schedules, and plan your benefit strategy.
  solarbird.net
  If you're not sure how much extra payment to include to benefit your mortgage by a given date try this mortgage benefit calculator here to figure the benefit in terms of time instead of interest conserved.
  
  And when you've implemented your mortgage reward technique then find out how to grow your wealth even faster with this 5 lesson video series - definitely complimentary!
  
  How to be a pro at growing your wealth|Learn more →
  
  Bi-Weekly Mortgage Calculator
  
  Current mortgage's start loan quantity: Current interest rate (%):. Original loan term (months): Calc Months 5 years 10 years 15 years 20 years 25 years thirty years. Total regular monthly payment (including tax & insurance coverage):. Variety of payments currently made:. Date next payment due: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038. Extra quantity you might comfortably contribute to the payment each month: Email My Results. Click on this link Current mortgage payment less escrow:. Interest you've already paid:. Current approximate balance of your mortgage:. Results Current Current Plus Extra Bi-Weekly Bi-Weekly plus Extra.
  
  Mortgage payment:. Years to settle:. Interest savings:. Payments removed:. Total savings:. Equity after 5 years:. Equity after 10 years:. Balance years later: . Results (continued) Current Current plus Extra Bi-Weekly Bi-Weekly plus Extra. Avg. regular monthly savings:. Avg. annual cost savings:. Equivalent interest rate:. Savings years later on: *. Payment Schedules: **. * Based upon a 10 %yield of the cash conserved over the life of the loan . ** Payment schedules might take a while to appear-- depending upon the speed of your computer system and the variety of payments staying." Discover The Comprehensive Wealth Planning Process Proven Through 20 +Years Of Coaching That Will Give You Complete Confidence In Your Financial Future "- Get a step-by-step action strategy to accomplish monetary independence- entirely personalized to you.- How to live for fulfilment now, while building wealth for the future. -No more procrastination. No more
  confusion. Just progress and clarity. Expectancy Wealth Planning will reveal you how to produce a financial roadmap for the rest of your life and provide you all of the tools you need to follow it. How Much Can You Save By Making Bi-Weekly Mortgage
  Payments? Do you want to settle your mortgage early? Not exactly sure where you will find the additional funds to make it happen? Thankfully, you can considerably minimize
  your debt without feeling pinched by making biweekly mortgage payments
  . This Bi-Weekly Mortgage Calculator makes the math easy. It will figure your interest cost savings and payoff period for a variety of payment circumstances. You can make biweekly payments rather of monthly payments, and you can make extra primary payments to see
  how that likewise accelerates your benefit. Each of these payment options will take you closer to being debt free. Here's everything you require to know to get begun ... How
  Bi-Weekly Mortgage Payments Work Making biweekly mortgage payments is a method that can help you conserve a lot of money in interest and settle your mortgage early. Instead of making one payment on a monthly basis, you'll be making a payment
  
  every other week. This bi-weekly pattern is distinct
  mozilla.org
  from a bimonthly mortgage payment which may or might not involve additional payments. With a bi-weekly payment you'll be be making 26 payments rather of 12 -albeit smaller payments. The net impact is comparable to one additional regular monthly payment (13) each year. Related: Here's a clinical system to build your wealth now The end result of paying every two weeks is you'll be paying more every year, regardless of whether or not you make additional primary payments in addition to your biweekly payment. This needs little sacrifice, however gains big cost savings as you can see when you input your mortgage payment information into this Bi-Weekly Mortgage Calculator. Are Bi-Weekly Payments Right For You? Before
  you begin bi-weekly payments ensure it is an excellent suitable for your circumstance. Here are the crucial points to consider: Do you plan to stay in your house long enough? If you plan to remain in your house for a short time, like 5 to 7 years, then you might be much better off focusing your cash in some other financial investment. Bi-weekly payments have a
  bigger impact when you stick with it long enough
  to make a difference. Are you nearing your retirement? Using your retirement savings to accelerate your mortgage reward involves complex analysis to identify what is finest. There are tax factors to consider on both sides of the cost savings formula. It also involves estate planning, asset protection, and much more than can be covered in this quick post. Please speak with a certified monetary professional if this is your situation. Are you paid enough every two weeks? Bi-weekly mortgage payments work best when you are paid every other week and your income is high enough to support the payment. It is easier to match your largest expense( mortgage payment )to your income when the payment duration matches your pay duration. Similarly, if you are paid regular monthly then it is typically simpler to stick with a month-to-month payment duration and just include extra principal to accelerate your payoff. Have you examined other investment alternatives? You ought to always invest your cash in whatever provides the highest after tax return. Before accelerating your mortgage consider competing investment alternatives for building equity. How To Set Up Bi-Weekly Payments Once you have actually identified biweekly payments( and/or extra payments) are ideal for you, it's time to set it up and start saving! Many banks and mortgage business will allow you to reconfigure your existing mortgage into a biweekly payment strategy. You'll need to call and ask because they usually do not promote this feature. Alternatively, you can just divide your own mortgage payment in half, and pay that quantity every two weeks. The end result will be the exact same, but
  
  you will not have the ease of automation you might prefer. However, verify with your bank initially that this will still satisfy your payment terms and not
  trigger a prepayment penalty or other problems. If you select to include extra principal to your needed payments, you may need to inspect with your mortgage holder to learn if anything is required so that the money goes directly to instead of merely prepaying required payments. Final Thoughts The great aspect of the bi-weekly mortgage reward plan is you can easily decrease your mortgage loan term by 6 to 8 years. In addition, if you are receiving your salary every two weeks it can actually be easier to utilize biweekly mortgage payments than monthly payments
  . Related: Why you need a wealth strategy, not a financial strategy. If you're still baffled whether this payment alternative is best for you, utilize the biweekly mortgage calculator above to help you see the overall cost savings that you could be getting. Also, make sure to print out amortization
  payment schedules to
  keep you on track! Bi-Weekly Mortgage Payment Calculator Terms & Definitions: Bi-Weekly Payments -Payments that take place as soon as every two weeks. Mortgage Loan- The charging of real residential or commercial property by a debtor to a creditor as security for a debt. Principal Amount- The overall quantity obtained from the lending institution. Interest- The portion rate
  charged for obtaining money. Payment- The amount you spend for products
  
  , services, or debts incurred. Amortization Schedule- A table of all payments for the entire loan term revealing each payment broken out into interest, principal, and staying loan balance. Loan Term -The quantity of time to pay the loan off. Due Date- The day on which payments are required. Borrower -An entity receiving money with a pledge to
  
  pay it back with interest. Lender -An entity that lends money to an individual. Escrow - Money held by a 3rd party to pay a celebration that is owed, in this case, typically residential or commercial property taxes and insurance. Extra Payment- Payments made above and beyond the required amount. Related Mortgage Calculators: Mortgage Payment Calculator With Amortization Schedule: Just how much will my monthly mortgage payment be? Includes taxes, insurance coverage, PMI, and amortization schedule for handy recommendation. Mortgage Payoff Calculator: Just how much extra payment should I make monthly to settle my mortgage by a specific date( and how much interest will I conserve )? Mortgage Balance Calculator: What is my mortgage balance given the number of payments I've currently made (or still require to make )? Mortgage Refinance Calculator: The length of time will it take to break-even on my refinancing costs and what will be my overall interest savings? Interest Only Mortgage Calculator: How much lower will my payment be on an interest only home loan compared to a standard principle and interest mortgage? Second Mortgage Calculator - Consolidate Savings With Refinance: How much will I save combining my first and second mortgages into a new very first mortgage? Rent vs. Buy Calculator: Should I rent or buy? What's the better deal? Mortgage Affordability Calculator: Just how much house can I pay for if I paid the same quantity in home loan as I pay in lease? ARM Mortgage Calculator: How does an adjustable rate mortgage (ARM) compare to a set rate mortgage over the life of the loan (as opposed to just the teaser payment)? Balloon Mortgage Calculator: How much will I owe (balloon) at the end of the payment duration?
  
  The One Decision That Can Make Or Break Your Financial Future
  
  There are just four courses you can pick from.
  
  Click listed below to learn which course is best for you, and why.
  
  Yes! Tell Me About Expectancy Wealth Planning strategy
  
  Expectancy Wealth Planning
  
  Our Flagship Financial Freedom Course Find out more →
  
  Invest Like Todd
  
  Make more by risking less Find out more →
  
  Mortgage Amortization Calculator Bi-Weekly Mortgage Payment Calculator Mortgage Balance Calculator Mortgage Refinance Calculator
  
  Related Tools
  
  Today's Lowest Mortgage Rates Check Your Credit Score: 3 Totally Free Ways
  
  Click Below To Learn How To ...
  
  Invest clever. Build wealth. Retire early. Live totally free.