Calculators - Donna Drake

[Pages:1]Calculators

Standard Monthly vs True Biweekly Payment Calculator



This calculator will show you how much you will save if you make 1/2 of your mortgage payment every two weeks instead of making a full mortgage payment once a month.

True Biweekly vs Standard Biweekly Payment Calculator



This calculator will show you how much you will save if you calculate interest for two-week intervals and apply the biweekly payments less the interest to reduce principal every two weeks (in other words, if you set up a true biweekly (sometimes called simple interest biweekly) payment schedule), instead of having your money withdrawn from your bank account every two weeks by your lender and making a full mortgage payment once a month plus one additional payment once a year out of a special account, managed by the lender (pseudo biweekly or standard biweekly payments).

Extra Mortgage Payment Calculator



Find out how your monthly, yearly, or one-time pre-payments influence the loan term and the interest paid over the life of the loan.

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