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Bi-Weekly Accelerated vs Monthly


This calculator will provide a comparison of your current monthly payment versus splitting that payment in half and paying that same amount every two weeks. This will mean that you will make extra payments and pay more in a given year thereby reducing the interest you will end up paying.

Bi-Weekly vs. Monthly Calculator

Enter the principal balance of your mortgage: $
Enter the amount of your monthly mortgage payment: $
Enter your mortgage's current interest rate:     %

*The Bi-weekly vs Monthly calculator is provided as a self-help tool. The results should only be used as a guideline. Contact Cheryl Wilkes, a Dominion Lending Centres Brokers for Life mortgage specialist, to get more information.

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