New Design Not working For You?

If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.

-Dan

Calculator Preferences
Biweekly Extra Mortgage Payment Calculator Sign

Biweekly Extra Mortgage Payment Calculator

This calculator will calculate the time and interest you will save if you switch from making monthly mortgage payments to paying 1/2 of your mortgage payment -- plus an extra amount -- every 2 weeks. The results include a side-by-side comparison of monthly vs bi-weekly payoff timeframes and interest costs, plus a button for creating a printer friendly report with optional biweekly amortization schedule.

Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Mtg bal:Mortgage balance:Current mortgage balance:Current mortgage balance owed:

Current mortgage balance owed:

Enter the current balance owed on your mortgage (call lender and ask for the current payoff amount).

Int rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual percentage rate (APR) of the mortgage. Enter as a percentage (for .06, enter 6%).

Payment:Monthly pmt:Monthly payment:Monthly mortgage payment amount:

Monthly mortgage payment amount:

Enter your current monthly mortgage principal and interest payment (don't include any insurance and tax portions that may be built into the payment).

Due date:Next due date:Next payment date:Next payment date:

Next payment date:

Select the month, day, and year that your next mortgage payment is due.

Add amt:Add amount:Amount to add payment:Amount to add to bi-weekly payment:

Optional amount to add to bi-weekly payment:

Enter an amount you can afford to add to each biweekly mortgage payment, but without the dollar sign and any commas.

Comparative Results
Tap the text for a description of each row result.
CompCompCompareCompareMonMonMonthlyMonthlyBiwkBiwkBiweeklyBiweeklySaveSaveSavingsSavings
Pmt:Pmt:Payment:Payment:

Payment:

The first column shows how much your monthly principal and interest payment will be. The second column shows how much your biweekly payment will be (1/2 of your monthly payment, plus extra amount). The third column is not applicable since payments are made at different time intervals.

Mons:Mons:Months:Payoff months:

Months to pay off:

The first column shows how many months it will take to pay off the mortgage when making monthly payments. The second column shows how many months it will take you to pay off the mortgage when making biweekly payments. The third column will show you how many months sooner you will pay off the mortgage by making biweekly payments instead of monthly payments.

Cost:Cost:Interest cost:Interest cost:

Interest cost:

The first column shows how much interest you will pay if you pay off the mortgage by making monthly payments. The second column shows how much interest you will pay if you pay off the mortgage by making biweekly payments. The third column will show you how much interest you will save by making biweekly payments instead of monthly payments.

Date:Date:Payoff date:Payoff date:

Payoff date:

The first column displays estimated payoff month and year if you continue making monthly payments. The second column displays the estimated payoff month, day, and year if you switch to making biweekly mortgage payments. The third column is not applicable.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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