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bi-weekly 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 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 bi-weekly mortgage payment plan:


	Bi-weekly Mortgage Interest Savings:

Today's Lowest Rates

9/7/2010

Loan Program	Rate	APR
30 Year Fixed	4.625	4.652
15 Year Fixed	4.125	4.188
30 Year Fixed FHA
15 Year Fixed FHA	4.500	4.473
20 Year Fixed	4.375	4.473

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tools & info

	MNI Update NOW™ will inform you on what can be done to improve your credit rating and help you achieve your dreams of homeownership. MNI Update NOW™ provides individual credit account analysis, strategies to improve your credit, and immediate results.
	Apply for your mortgage today through Mortgage Now’s secure, online application service. Once we receive your loan application, one of our experienced loan officers will be in contact to help you close your mortgage transaction.
	RateWatch is a free service that keeps you informed of interest rates. Click the link and fill in the fields. RateWatch emails will keep you on top of changing mortgage rates.
	Calculators & Tools. We have put together many calculators and tools to help you make sense of the numbers. They are all easy and fun to use.