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Bi-Monthly Payment Calculator

The payment option commonly called 'bi-monthly' is a bi-weekly payment option. However, some lenders offer a bi-monthly payment service to homebuyers. 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.
Loan Amount Interest Rate Term of the Loan
$ % yrs
  Month Year
Starting Date of the Loan:
When do you plan to start
bi-monthly payments?
Mortgage professionals are welcome to participate!
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