Anders Real Estate & Construction
Serving   Winston Salem    Lewisville    Clemmons
All Surrounding Areas
2050 S. Stratford Road
Office:(336)765-6633 Fax:(336)765-0446  

Use this calculator to figure
out your monthly mortgage payment.

CAUTION: Do NOT rely on the results from this calculator to make financial decisions. Interest rates vary and the tax laws change regularly. Please contact us for assistance with your specific concerns.

Years:

Interest:

Loan Amount:

Annual Tax:

Annual Insurance:

Results

Monthly Principal + Interest:

Monthly Tax:

Monthly Insurance:

Total Payment:


This calculator is designed to be an informational and educational tool only, and when used alone, does not constitute investment, financial, or tax advice. We strongly recommend that you seek the advice of a professional before making any type of decision. We also encourage you to review your investment strategy periodically as your financial circumstances and the tax laws change. This model is provided as a rough approximation of future financial performance. The results presented by this calculator are hypothetical and may not reflect the actual performance of your own investments. We are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this calculator.

 

Bi-Weekly 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 bi-weekly mortgage payment plan:
Bi-weekly Mortgage Interest Savings:
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