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Making bi-weekly rather than monthly payments is generally a great idea. By
paying every too weeks you'll only be making one additional payment each year,
but due to the affects of compound interest you'll pay your mortgage off faster,
and with much less money. We'll also show you how much faster you can pay off
your mortgage if you add just $25 or $50 to your regular payment.
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Bi-Weekly Mortgage Payment Savings Calculator
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Dollar amount of your mortgage:
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Interest rate of your mortgage:
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Term of your mortgage in months:
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Current monthly mortgage payment:
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Number of monthly payments you have already paid:
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Your Current Mortgage
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Dollar amount of your mortgage:
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Percentage rate of your mortgage:
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Your current monthly payment:
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Total Interest paid:
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Paid off in:
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With the Bi-Weekly Plan
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Your bi-weekly payment:
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Total Interest paid:
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Total Interest savings:
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Paid off in:
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Number of payments saved:
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Equivalent interest rate:
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If You Pay an Additional $25 Every Payment
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Your bi-weekly payment:
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Total Interest paid:
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Total Interest savings:
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Paid off in:
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Number of payments saved:
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Equivalent interest rate:
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Save Even More by Paying an Additional $50 Every Payment
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Your bi-weekly payment:
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Total Interest paid:
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Total Interest savings:
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Paid off in:
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Number of payments saved:
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Equivalent interest rate:
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