Mortgage amortization calculator with biweekly and extra payments
With a biweekly mortgage payment plan, you take half the mortgage payment, or $500, every two weeks, for a total of 26 payments. At that rate, by the end of the year, you paid $13,000 â ̈”$1,000 more than what you would have paid if you had made payments once a month. Taking this path, it’s essentially an extra payment for the year. ................
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