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!
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:
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:
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1 year closed:
 5.05
%
2 year closed:
 5.25
%
3 Year Closed:
 5.25
%
4 year closed:
 5.50
%
5 year closed:
 5.24
%
Best 5 year Variable Rate:
 4.15
%
Bank Prime Rate:
 4.75
%
© 2006 MichaelSato.com All Rights Reserved.
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In keeping with your unique wants and needs, Michael Sato will shop the banks, credit unions, and other lenders across Canada to provide you with a tailor-made mortgage solution. Whether you are looking for a pre-approval, refinance, debt consolidation, or home equity loan his industry experience and in-depth knowledge of Vancouver real estate can be your competitive edge in a dynamic market. Committed to the highest ethical standards and the utmost professional conduct, Michael will work to make the mortgage finance process a smooth and worry-free experience.