This calculator will calculate the time and interest you will save by switching from making monthly loan payments to bi-weekly loan payments.
The results include a time and interest comparison chart along with a bar graph that visually depicts the savings.
The calculator also includes the option of adding an extra amount to your biweekly payment, either on a biweekly (fortnightly) or on a monthly basis.
Finally, you can set the calculator to show the first year or full biweekly amortization schedule, or show no payment schedule at all. And if you choose to include one of the amortization schedules, the calculator will generate a printer friendly version for printing.
Note that if you are simply looking for a calculator to compute the payment and interest on a new bi-weekly loan, please visit the Bi-weekly Loan Calculator.