COMPARE MONTHLY VS. BI–WEEKLY

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  • COMPARE MONTHLY VS. BI–WEEKLY

Save more by making one half of your mortgage payment every two weeks ...

 

Monthly versus Bi-weekly Comparison

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Results

You could save $17,896 and have 8 fewer payments by using the Bi-Weekly Mortgage plan!

Current Mortgage

 
 
 
Mortgage
 
$300,000.00
Interest Rate
 
3.79%
Current Monthly Mortgage Amount
 
$1,000.00
Total Interest Paid Out
 
$634,542
Paid Off By
 
25.0 Years

Paying Bi-weekly

 
 
 
Bi-Weekly Payment Amount
 
$500.00
Total Interest Paid Out
 
$616,646
Total Interest Savings
 
$17,896
Paid Off By
 
24.3 Years
Saved Payments
 
8
Effective Interest Rate
 
15.64%

Paying an Extra $25 Each Payment

 
 
 
Bi-Weekly Payment Amount
 
$525.00
Total Interest Paid Out
 
$607,441
Total Interest Savings
 
$27,101
Paid Off By
 
22.5 Years
Saved Payments
 
30
Effective Interest Rate
 
15.45%

Paying an Extra $50 Each Payment

 
 
 
Bi-Weekly Payment Amount
 
$550.00
Total Interest Paid Out
 
$599,712
Total Interest Savings
 
$34,829
Paid Off By
 
21.0 Years
Saved Payments
 
48
Effective Interest Rate
 
15.29%

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  • Phone Number

  • +1 702-538-2446

  • Pure Life lv Properties

  • 8625 S Eastern Ave, Las Vegas, NV 89123