When evaluating how you want to pay your mortgage you generally have 6 options. You can pay your mortgage monthly, semi-monthly, bi-weekly, accelerated bi-weekly, weekly, and accelerated weekly. Click here for the definitions. Your cash flow and your financial goals should dictate how you want to pay your mortgage. This calculator will help you understand the impact of the different payment frequencies and assist you in making your decision.
Simply enter your mortgage information and change the payment frequencies to evaluate the differences. The last column allows you to select both the payment frequency and the amount of the payment. The payment amount must be higher than the lowest available payment for the frequency and amortization selected. Change the term to 1 year if you want to evaluate for a 1 year period only.
Note: Some lenders may not offer all of these payment options.
This has been a my hobby site for a few years now but unfortunately I have not have time to continue to improve it. My hosting and domain name are expiring in June 2019 and if I do not get enough donations to pay for each I will not be renewing and the calculators on this page will no longer be available. If you find value in these calculators and would like this page to remain please consider donating by clicking the Donate Button on the right hand side of each page. Thank you for your support.