Mortgage Bi-Weekly Calculator by Your Real Estate

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Mortgage Bi-Weekly Calculator from Dawn Kittel

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. Begin by clicking in the first entry field and follow the instructions that appear in the Help/Instruction box.

Mortgage loan amount:	Help/Instruction
Annual interest rate (APR):
Term of your mortgage (in months):
Current monthly mortgage payment:
Number of monthly payments you have already paid:

?Summary:
Your Current Mortgage
? Dollar amount of your mortgage:		Help/Instruction
? Percentage rate of your mortgage:
? Your current monthly payment:
? Total Interest paid:
? Paid off in:
With the Bi-Weekly Plan
? Your bi-weekly payment:	Help/Instruction
? Total Interest paid:
? Total Interest savings:
? Paid off in:
? Number of payments saved:
? Equivalent interest rate:
Look what more you can save with an additional $25 every payment
? Your bi-weekly payment:		Help/Instruction
? Total Interest paid:
? Total Interest savings:
? Paid off in:
? Number of payments saved:
? Equivalent interest rate:
Save even more when you pay an additional $50 every payment
? Your bi-weekly payment:		Help/Instruction
? Total Interest paid:
? Total Interest savings:
? Paid off in:
? Number of payments saved:
? Equivalent interest rate:

Please contact Dawn, who will be delighted to help you.