Corporate | Solutions | Services/Support | Community | Clients | Sites | Contact Us | Skill-Scaled Help
The Hoot Owl of Online Research

“Treasure People and Exploit Tools”

With a fortnightly (not biweekly, a common American misstatement, since biweekly ambiguously means both twice a week and every two weeks) mortgage, you pay 1/2 your monthly mortgage amount every two weeks. Since you are accelerating the repayment schedule by making two principal reductions ("payments" in layman's terms) per month instead of one, the interest is calculated on a shorter time, so you pay less total interest.

Mouse or tab from box to box to complete the form. Please enter all amounts without commas or dollar signs. While two digit accuracy is shown, your calculated savings are rounded to the nearest five dollars.

Purchase Price
Downpayment Amount
Loan Term years
Interest rate (e.g. 5.25)  %
Annual Property Taxes:
Enter Directly or enter tax rate
to estimate as percentage of purchase price


  Please scroll down for results.



Your monthly payments with principal, interest and property taxes would be...
Your fortnightly payments with principal, interest and property taxes would be...
Your estimated savings in interest over the life of the mortgage would be approximately...
And your mortgage would be paid off in only years!



This calculator is provided to give you general guidelines and cannot predict factors unique to your finances.

On the Menu: Management Tools… 
More Food for Thought from the Rock Eel Café 

Visit the Hoot Owl of On-line Research:
Share y.o.u.r.Views on Activity Based Costing!
In the Discussion Forum

Order Selections from the Rock Eel Bookstore

Of Related Interest

Case Studies

Other Capital Management Topics


The Original Rock Eel Café  Rock Eel Café Services: Consulting · Education & Training · Downloads · Enterprise Business · Web Hosting · Web Building·Why We Should Be y.o.u.r.ISP · Free Newsletters · “Wicked Cool” Stuff · Discussions · Hardware · Help & How-Tos · News · y.o.u.r.Opinion Matters! Write to Us · Search · Stock Quotes · Work with Us! 
   Corporate | Solutions | Services/Support | Community | Who's Who | Sites | Contact Us | Skill-Scaled Help
Back to Top 
Copyright ©1996-2003 Systems Thinking Institute LLC. All rights reserved.
Privacy policy: We Don't Share y.o.u.r.Stuff and Don't Knowingly Provide the Means for Others. End of Story.