Do you feel like you're robbing Peter to pay Paul every single month?

Bi-Weekly Mortgage Calculator

This GFM bi-weekly mortgage calculator is a terrific tool to see just how easy it is to reduce your affective interest rate without having to refinance your mortgage. You will also get to see just how much total interest you will save over the life of your home loan just by using a bi-weekly payment approach. In addition, this bi-weekly payment calculator will show you the potential investment value of those saved dollars.

As part of the GFM debt management approach, you will see all of the financial benefits you can experience by taking small steps in retiring your mortgage debt early. Imagine the the added cash flow you could achieve just by paying off your home early! You really will be amazed at just how easy and painless it can be!

Do not forget, print (Create) your payment schedule so you can have an amortization schedule telling you when to make your bi-weekly payment and/or extra payment to accomplish the same results reflected in the bi-weekly calculator!

Bi-Weekly Mortgage Calculator

Current mortgage's beginning loan amount:
Current interest rate (%):
Original loan term (months):
Total monthly payment (including tax & insurance):
Number of payments already made:
Date next payment due:
Extra amount you could comfortably add to the payment each month:

Current mortgage payment less escrow:
Interest you've already paid:
Current approximate balance of your mortgage:
Results	Current	Current Plus Extra	Bi-Weekly	Bi-Weekly plus Extra
Mortgage payment:
Years to pay off:
Interest savings:
Monthly payments eliminated:
Total payment savings:
Equity after 5 years:
Equity after 10 years:
Balance due after years:
Results (continued)	Current	Current plus Extra	Bi-Weekly	Bi-Weekly plus Extra
Average monthly savings:
Average annual savings:
Equivalent interest rate:
Cash available after years:*
Payment Schedules:**
*Based upon a 10% yield of the money saved over the life of the loan.
**Payment schedules may take a while to appear -- depending on the speed of your computer and the number of payments remaining.