FORTNIGHTLY MORTGAGE CALCULATOR:
Fortnightly 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 fortnightly mortgage payment plan:
Fortnightly Mortgage Interest Savings:
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ADVANCED FINANCIAL & ACCOUNTING SOLUTIONS (AUST) PTY LTD - YOUR MORTGAGE SPECIALISTS
4 Tewantin Close, Parkwood, Qld, 4214
7A/85 Merthyr Road, New Farm, Qld, 4005
P.O. Box 1462, Southport BC, Qld, 4215
TELEPHONE: 07 5527 1133 • FACSIMILE: 07 5527 1444