Bank of Clarke County



Bi-weekly Payment Calculator

Back to Calculators | Bi-weekly Payment Calculator - Definitions

This calculator shows you possible savings by using an accelerated biweekly mortgage payment. Biweekly payments accelerate your mortgage payoff by paying 1/2 of your normal monthly payment every two weeks. By the end of each year, you will have paid the equivalent of 13 monthly payments instead of 12. This simple technique can shave years off your mortgage and save you thousands of dollars in interest. Click on the "View Report" button to see your savings!

 



NOTE: These calculators are made available to you as self-help tools for your independent use and are not intended to provide financial advice. We cannot guarantee their applicability or accuracy with regard to your individual circumstances. All examples are hypothetical and are for illustrative purposes only.

 

Bank of Clarke County. Equal Housing FDIC