Mortgage Loans in Utah

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Bi-Weekly Mortgage Calculator

This calculates how much you will pay over the life of the loan when paying bi-weekly.

Calculations

Principal Loan Balance:	$
Annual Interest Rate:	$
Number of Years:

Your Results

(Principal Remaining after each year if paying).

Year		Monthly Payment		Bi-Weekly Payment
1		119,046.23		118,144.71
2		118,010.73		116,130.44
3		116,886.50		113,943.56
4		115,665.93		111,569.28
5		114,340.77		108,991.55
6		112,902.50		106,192.92
7		111,340.40		103,154.48
8		109,644.18		99,855.66
9		107,803.0		96,274.16
10		105,804.40		92,385.76
11		103,633.79		88,164.14
12		101,277.57		83,580.77
13		98,719.44		78,604.64
14		95,942.90		73,202.10
15		92,926.75		67,336.60
16		89,653.20		60,968.47
17		86,098.75		54,054.65
18		82,239.92		46,548.36
19		78,050.40		38,398.84
20		73,501.89		29,550.98
21		68,563.59		19,944.92
22		63,202.13		9,515.70
23		57,381.23		0.00
24		51,061.53		0.00
25		44,200.27		0.00
26		36,751.70		0.00
27		28,663.52		0.00
28		19,882.93		0.00
29		10,349.92		0.00
30		8.42		0.00

Final Summary

Mortgage Payment if paying
Monthly:	$	901.52
Bi-Weekly:	$	450.76

Years Before payoff of loan if using
Monthly:		30 yrs
Bi-Weekly:		22 yrs

Explanation

Usually a Bi-Weekly payment will result in a shortened loan period and save quite a bit of interest.

The accuracy and use of this calculator is not guaranteed.