Jak używać
- Enter Loan amount.
- Enter Annual rate %.
- Enter Term (years).
Wzór
26 half-payments = 13 monthly payments per year.
Przykład
Biweekly schedules typically shave a few years off a 30-year term.
Częste pytania
Why does biweekly help?
You make the equivalent of 13 monthly payments a year.
Does my lender allow it?
Most do; confirm extra amounts go to principal.
Wskazówki
- Compare the total interest, not just the monthly payment.
- A larger down payment lowers both the loan and any insurance.
- Even small extra principal payments cut years off the term.
Pojęcia
- Principal
- The amount borrowed, before interest.
- Amortization
- Spreading repayment into equal periodic payments.
- Escrow
- Funds held for taxes and insurance.