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Our Bi Weekly Mortgage
Calculator is one of our
more unique calculators.
It enables you to
calculate several
different kinds of loan
situations. These can
vary from Auto and Boat
loans to all of your
home mortgage loan
needs. Often used to
show how fast you can
pay your mortgage off by
paying bi weekly, and
the interest you can
save.
Bi
Weekly Mortgage
Calculator - How it
works
Start by
entering in the amount
still owed on your
mortgage loan or note.
Next enter the amount
you pay on that loan
each month, and finally
enter in your current
interest rate. You can
also test different
future rates.
For example, if you
still owe $165,786 on
your loan, than that
would be your principal.
If you pay say $1,234 on
that loan per month,
that would be your
monthly mortgage
payment, and the rate
that you were given when
you originally received
the loan. Example 6%,
7.75%, 9.25%, etc...
This is also a great
tool to test future
potential loan
scenarios.
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