Finance Tools
Mortgage Payment Frequency Calculator
Compare mortgage payments across payment frequencies such as monthly, biweekly, weekly, and accelerated schedules.
Compare mortgage payments across monthly, biweekly, weekly, and accelerated payment schedules.
How to use this mortgage payment frequency calculator
- Enter the mortgage amount (principal).
- Enter the annual interest rate.
- Enter the amortization period in years.
- Choose payment frequencies: monthly, biweekly, weekly, or accelerated options.
- Click Calculate to compare payment amounts and total interest costs.
Example
For example, on a $400,000 mortgage at 5% interest over 25 years, this calculator will show:
- Monthly payment amount.
- Biweekly and weekly payment amounts.
- Accelerated biweekly and accelerated weekly options.
- Total interest savings from switching payment frequency.
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