Accelerated Bi-weekly Mortgage vs Monthly Mortgage
Principal
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Interest Rate (%)
Annual Taxes
Loan Term in Years
Annual Insurance
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Bi-weekly Taxes
Monthly Taxes
Bi-weekly
Insurance
Monthly Insurance
Bi-weekly Mortgage
Monthly Mortgage
Total Bi-weekly Payment
Total Monthly Payment
Bi-weekly Payments (1 yr)
Monthly Payments (1 yr)
Actual Amortization
Actual Amortization
Total Bi-weekly Interests
Total Monthly Interests
Total Bi-weekly Loan Cost
Total Monthly Loan Cost
Interest savings:
(with an accelerated bi-weekly mortgage.)
The above is for illustrative purposes only. U.S. Rates compounded each period.