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- •Use the results as a starting point for conversations with financial advisors.
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Enter your home purchase details to calculate your mortgage costs and monthly payment.
Step-by-Step Instructions
Enter the home price and your down payment amount.
Input the interest rate and loan term.
Review your estimated monthly payment and amortization.
When considering biweekly mortgage payments to save on interest.
- •Homeowners
- •Mortgage holders
- •Financial planners
Your mortgage results show the monthly cost and long-term financial impact of your home purchase.
What Each Result Means
Monthly P&I
Principal and Interest payment.
Interpretation: This is your core mortgage cost before taxes and insurance.
Total Interest
Total interest paid over the loan life.
Interpretation: Lower interest rates or shorter terms significantly reduce this number.
What to Do With Your Results
Consider a larger down payment or a longer loan term to improve affordability.
Alex
Looking to optimize their financial strategy using the Biweekly Mortgage.
The Challenge
Alex needs to understand the long-term impact of their decisions regarding Biweekly Mortgage.
Starting Values
Calculation Breakdown
Input initial parameters into the calculator.
Initial setup complete.
Analyze the projected outcomes.
Strategic insight gained.
Results
Total Benefit
$15,000
Projected over 10 years.
Key Insights
- Early planning leads to better financial outcomes.
- Small changes in inputs can have large long-term effects.
Still have questions? Check our financial glossary for definitions or explore our learning resources.