House Prices UK Mortgages
Refinance 		Home Improvement Sell Your House Buy Property Insurance
UK Mortgage Calculator

Price Range:
 

Powered by Homes Go Fast!

 


Pay your mortgage more quickly at no extra cost, with 2 half payments a month instead of one regular payment.

There is a lot of advice, some that you have to pay for, which suggests that you can pay your mortgage off with more frequent payments.
This works, and there is a calculator to show how much you save below.
IMPORTANT: You must check on your mortgage terms however. Some lenders only reduce payments quarterly, six monthly or even annually. This system works only if your interest is calculated daily or weekly. Having said that, its a simple way to pay your mortgage more quickly without spending any more money

Two Weekly (twice a month) Mortgage 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. In effect, you will be making one extra mortgage payment per year--without hardly noticing the additional cash outflow. But, as your about to discover, you will certainly notice the increased cash flow that will occur when you pay your mortgage off way ahead of schedule!
Enter the principal outstanding balance of your mortgage
(call your mortgage lender and ask for the current payoff amount):
Enter the amount of your monthly mortgage payment:
(principal and interest ):
Enter the your mortgage's current interest rate:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay if you switch to a bi-monthly mortgage payment plan:
Mortgage Interest Savings:
Copyright © 1997-2007 Web Winder Site Traffic Magnets. All rights reserved.