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FreeQuotes Finance Calculators

This bi-monthly payment 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. But, as you're about to discover, you will certainly notice the increased cash flow that will occur when you pay your mortgage off way ahead of schedule!

Bi-Monthly Mortgage Payment Calculator

Enter the principal balance of your mortgage :
Enter the amount of your monthly mortgage payment:
(principal and interest portion only):
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-monthly mortgage payment plan:
Bi-monthly Mortgage Interest Savings:

apply for a mortgage

 

 

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