Bi-Weekly Mortgage Calculator This 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 your about to discover, you will certainly notice the increased cash flow that will occur when you pay your mortgage off way ahead of schedule! Calculate Enter the principal balance of your mortgage (call your mortgage lender and ask for the current payoff amount): Enter the amount of your monthly mortgage payment (principal and interest portion only): Enter the your mortgage's current interest rate: Results 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-weekly mortgage payment plan: Bi-weekly Mortgage Interest Savings: Copyright © 1997-2005 Web Winder Site Traffic Magnets. All rights reserved. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.