BI-WEEKLY MORTGAGE PAYMENT CALCULATOR:

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:
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-weekly mortgage payment plan:
Bi-weekly Mortgage Interest Savings:
 

 

 

 

 

 

 

 

Monthly Money Tip

When eating out, split dinners and order water instead of drinks. Put the money saved into a mutual fund or other interest bearing account