Bancgroup Mortgage Logo   David A. Pellegrino, Mortgage Consultant for Bancgroup Mortgage Corporation
Today's Mortgage Rates:
  4.25% 30-Year Fixed Rate Conforming Mortgage 4.396% APR
  4.25% 30-Year Fixed Rate FHA Mortgage 4.922% APR
  3.75% 15-Year Fixed Rate Conforming Mortgage 4.001% APR
Indices: LIBOR -- 0.99%  Treasuries -- 0.27%  Prime Rate -- 3.25%
Updated on Tuesday, August 31, 2010 12:58:20 PM -- Assumptions

Bi-Weekly 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 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 portion only):		 $
   
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-weekly mortgage payment plan: $
   
Bi-weekly Mortgage Interest Savings: $
   
 

[Home] [Calculators] [FAQ] [About Me] [Referral Partners] [Contact Me] [Table of Contents] [Search] [Privacy Policy]

BancGROUPTM Mortgage Corporation is an Equal Housing Lender and Colorado, Illinois, Indiana, Wisconsin and Florida Residential Mortgage Licensee.

David A. Pellegrino -- Colorado Mortgage Loan Originator # 100017881 / National Mortgage Licensing System # 190983

1745 Shea Center Drive, Suite 130 Highlands Ranch, CO 80129-1537 -- Office: 303.542.1103 Fax: 303.542.1200

 Follow dapelleg on Twitter