Compare a traditional monthly mortgage payment against a biweekly payment schedule. See how much faster you can pay off your loan and how much interest you save by paying every two weeks.
A biweekly payment plan splits the monthly mortgage payment in half and pays it every two weeks. Since there are 26 biweekly periods in a year (equivalent to 13 monthly payments), you make one extra full payment each year. This extra payment is applied directly to principal, reducing the loan term and total interest.
Estimate your monthly mortgage payment and total interest cost.
Decide if refinancing your mortgage will save you money.
Determine whether renting or buying is the better financial choice for you.
Find the maximum home price within your budget.
Get an estimate of your total mortgage closing costs.
Estimate PMI costs and find out when you can drop it.
