Bi-Weekly Vs. Monthly Loan Calculator

Summit Capital Advisors
2200 N. 30th Street
Suite 202
Tacoma, WA 98403

(253) 589-1401
(800) 679-1401

E-mail Us
 

 
 

 
This calculator will help you to compare the costs between a loan that is paid off on a bi-weekly payment basis and a loan that is paid off on a monthly basis.

Enter the principal balance owed:
(call your lender and ask for the current payoff amount)
Enter the annual interest rate percentage:
Enter the number of months:
  
Here is your monthly payment amount:
Here is your bi-weekly payment amount:
This is how much interest you will pay using monthly payments:
This is how much interest you will pay using bi-weekly payments:
Bi-weekly Mortgage Interest Savings:

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