This calculator will show you how much you will save if you make 1/2 of your monthly mortgage payment every two weeks instead of once a month. In effect, you are making an extra payment each year. This reduced the loan term and interest paid.
Some people choose to pay half of their monthly repayment each fortnight. This in effect gives you an extra repayment every year. This calculator will show you how much time and interest you can save over the term of you loan if you make bi monthly repayments instead of fortnightly repayments.
Disclaimer: Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as indication only. They are neither a quote nor a pre-qualification for a home loan.