Biweekly Mortgage Payment Calculator - Calculate Now
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Biweekly Mortgage Payment Calculator

Biweekly Mortgage Payment Calculator will help you determine your mortgage payments on a loan with bi-weekly payment option.
      
Loan Amount $
Loan Length years
Interest Rate %
Loan Start Month
Loan Start Year
 

 
 
 

For a given loan amount, interest rate and loan length, this calculator calculates the fully amortized mortgage payment as well as the mortgage payment with bi-weekly payment option.

Because using bi-weekly payment option is equivalent to paying 13 regular mortgage payment each year, the effective loan length is reduced. The calculator calculates that reduction as well as the reduction in total interest paid.

In addition, the calculator will show you detailed amortization table which includes breakdown of each payment to principal and interest. Early mortgage payments pay more towards interest and less towards principal but as your monthly payments progress more is paid towards principal and less towards interest.

Typically, if your loan-to-value (LTV) is more than 80%, the lenders will require that you obtain private mortgage insurance (PMI), however this calculator does not account for PMI. The reason is that today many lenders offer alternatives programs like 80:10:10 or 80:20 which do not require you to pay PMI.

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