04-30-2014, 11:48 AM | #1 | ||
Grizzled Veteran
Join Date: Sep 2003
Location: Fresno, CA
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Looking for a mortgage calculator
Spousal Disclaimer! (Mrs. Glen here)
Does anyone know of a mortgage calculator that will allow you to add extra principle and make payments every 2 weeks? Bankrate allows you to do either, but they do not stack. I have determined that making the extra principle payment each month will cut about 10 years off the loan, and paying every two weeks will cut 4 years off, but I think if you make extra principle payment every two weeks it will take more than 14 years off the loan. Anyone know of a website? |
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05-02-2014, 11:33 AM | #2 |
Coordinator
Join Date: Jul 2003
Location: Here and There
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I approximate it by summing up the total extra principle payments into one yearly payment.
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