All you do is enter how many months your loan will be for, what the interest rate will be and how much you borrowed. As the name suggest the biweekly prepayments mortgage make it very easy for the user when it comes to calculation of the mortgage. These calculators gives you answers to one of the most important question which is How much interest can you save by increasing your mortgage payment. In a lay men terms the biweekly prepayments mortgage function by considering the rate of interest charged on the mortgage amount, the duration for which the amount is taken and the total amount which is taken. The results are presented graphically.. You can even determine the impact of any principal prepayments. For most people home mortgage is their largest budget item, so it is useful to know as precisely as possible what amount to budget for.

Includes the ability to easily calculate loan scenarios based upon variable payment frequency. Offers Daily 365/year, Daily 360/year, Weekly, Biweekly 26/year, Bimonthly 24/year, Monthly, Quarterly, Biannual, and Annual payment periods. You can even determine the impact of any principal prepayments.. This calculator displays floating summaries of the total interest paid and total paid as you move the pointer over each cell in the answer grid. Use biweekly prepayments mortgage to see how much interest you will pay, and your principal balances. biweekly prepayments mortgage 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.