Bi-Weekly Mortgage Calculator - Extra Payment
This bi-weekly mortgage calculator has more features than most including the ability to add an extra payment and print amortization schedules.
Use this calculator to figure how much interest you can save by making 1/2 of your mortgage payment every two weeks instead of a full payment monthly. The net effect is just one extra mortgage payment per year but the interest savings can be dramatic.Also, this calculator has the ability to add an extra amount (extra payment) to the monthly mortgage and turbo charge your interest savings. With this unique 4 column format you can compare scenarios side-by-side, print amortization schedules, and plan your payoff strategy. Finally, if you're not sure how much extra payment to add to payoff your mortgage by a given date try this mortgage payoff calculator here to figure the payoff in terms of time instead of interest saved.