This Financial Calculator requires a Browser with Java applet Support. If you are seeing this message you will need to download SUN's Java Plug-in. This can be done simply, and automatically, by clicking the link below:

Get the Java Plug-in!

This calculator shows you possible savings by using an accelerated bi-weekly mortgage payment. Bi-weekly payments accelerate your mortgage payoff by paying 1/2 of your normal monthly payment every two weeks. By the end of each year, you will have paid the equivalent of 13 monthly payments instead of 12. This simple technique can shave years off your mortgage and save you thousands of dollars in interest. Click on the "View Report" button to see your savings!

Definitions

Accelerated weekly and bi-weekly payments
Accelerated weekly and accelerated bi-weekly payment options are calculated by taking a monthly payment schedule and assuming there are only four weeks in a month. We calculate an accelerated bi-weekly payment, for example, by taking your normal monthly payment and dividing it by two. Since you would pay 26 bi-weekly payments, by the end of a year you would have paid the equivalent of one extra monthly payment. This additional amount accelerates your loan payoff by going directly against your loan's principal. The effect can save you thousands of dollars in interest and take years off of your mortgage.

The accelerated weekly payment is calculated by dividing your monthly payment by four. You would then make 52 weekly payments. Just like the accelerated bi-weekly payments, you are in effect paying an additional monthly payment each year.

Mortgage amount
The total dollar amount for this mortgage.

Interest rate
The interest rate on this mortgage.

Mortgage term
The number of years over which you would repay this loan if you made your normal monthly payment. The most common terms for mortgages are 15 years and 30 years.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


                      
                       Judy Pipkin
                       Keller Williams Realty
                       925.487.5065
                       homes@judypipkin.com

                                                                          






                              



      
    
Equal Housing Opportunity
                    
  

                                                                                                                   Judy Pipkin (Keller Williams Realty): Real Estate Agent in Pleasanton, Alameda County, California

Specializing in -

Homes in Pleasanton Ca
Homes in San Ramon Ca                        
Homes in Dublin Ca
Homes in Livermore Ca

 



Judy Pipkin - Keller Williams Realty 5994 W. Las Positas Blvd. Suite 101 Pleasanton, CA 94588
Phone: Fax:

Why Title Insurance? | Title Information | WHY CHOOSE ME | CONTACT ME | Curb Appeal List | Setting the Sales Price | Tax Closing Costs | Get the Highest Price | Selling your own home | FREE HOME VALUATION | Find A Home! | Your FICO score | How Escrow Works | SEARCH THE MLS | 7 TIPS FOR SELLING | 7 TIPS FOR BUYERS | RELOCATION INFO | MLS SEARCH | LOCAL TRANSPORTATION | ALAMEDA COUNTY | CONTRA COSTA COUNTY | PRIVATE SCHOOL INFO | PUBLIC SCHOOL INFO | ALL ABOUT PLEASANTON | YAHOO!MOVIES | GOLF INFORMATION | MAPQUEST! | MAPQUEST | YOUR GARDEN | ALL ABOUT DUBLIN | ALL ABOUT SAN RAMON | ALL ABOUT BRENTWOOD | BAY AREA MUSEUMS | PARKS & RECREATION | CITY INFORMATION | GOVERNMENT INFO/LINKS | VIDEOS | ALL ABOUT TRACY | PLACES TO GO | APPLYING FOR A LOAN- | *BUYER RESOURCES | TITLE AND ESCROW | SCHOOL INFO | REAL ESTATE GLOSSARY | DESIGNATIONS | LIVERMORE WINERIES | CLIENT TESTIMONIALS | FOOD & DINING TIPS | ALL ABOUT LIVERMORE | BAY AREA COUNTRY CLUBS | *MARKET STATISTICS* | *SELLER RESOURCES | First Time Buyers | Get Pre-qualified | Home Buyer Checklist | CHOOSING AN AGENT | Download Adobe Acrobat | Tell a Friend | REAL ESTATE NEWS | Real Estate Glossary! | Choosing Your Agent | MY FEATURED HOMES | HOME | Applying for a Loan | Loan App Checklist | Documenting Assets | Loan Programs | Mortgage Shopping | Locking in Rates | Living Trusts | Mello-Roos | Lender Types | Staying Approved | Neighborhood Prices | STAGING YOUR HOME | Staging Checklist | FREE EMAIL UPDATES | HOME VALUATION | SEARCH BAY AREA | 9 Steps to Owning | Site Map | Bi-weekly Pmt Calc | ARM Calc | APR Calc | Fixed Rate Mtg Calc | Mortgage Points Calc | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | Balloon Mortgage Calc | ARM vs Fixed Rate Calc | Mortgage Qualifier Calc | Required Income Calc | Maximum Mortgage Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Refi Interest Savings Calc | Refi Breakeven Calc | Mortgage Calculators | Interest Only Calc | Request Industry Info | VIDEO: Your Dream Home | VIDEO: 9 Steps to Owning | VIDEO: How to Sell Your Home | VIDEO: Staging Your Home | Reasons homes don't sell | BE ACCESSIBLE! | The Listing Contract | Listing Commissions | The Back Yard | Should you paint? | Homeowner Warranties | Plumbing and Fixtures | Real vs. Personal Property | The Kitchen | ROLE OF THE MLS | Flowers Add Curb Appeal! | ETHICS IN REAL ESTATE | Improvements That Pay | Selling One/Buying Another | Driving Directions | JUDY'S BLOGS

Copyright © 2008 Judy Pipkin - Keller Williams Realty
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.