Because lenders calculate loans in many different ways with widely varying results, many people have been paying their mortgages more often than monthly with little actual saving in time and money. The mortgage payment calculator below provides details of the different weekly, bi-weekly, semi-monthly and monthly payment plans.
To see how effective the various types of mortgages are, it is necessary to have a yardstick against which to compare other calculations which is (Regular monthly payment).
All calculations below are estimations based on standard formulas.
For exact details please feel free to contact us.
( years )