Biweekly Mortgage Calculator


Biweekly Mortgage Calculator

Bi Weekly Mortgage Calculator
Biweekly Mortgage Calculator

Tremendous Savings


Do you realize how much you pay in interest charges? Here's a simple example: You have a $200,000 mortgage for 30 years at 6.00% interest. When the mortgage is paid off, the total amount you will have paid is $431,677. That's more than twice the original amount borrowed. But, if you were using the Mortgage Reduction Plan, you would have saved over $47,000 in interest charges on that very same loan! It's never too late to join the Mortgage Reduction Plan. The sooner you start the program, the more you will save.

The benefits of bi-weekly mortgages have been promoted by such trusted and prestigious publications as "CnnMoney.com"1 and "Post-Gazette Now"2.

Benefits of The MRP

  • Decrease the outstanding principal balance faster than with a conventional loan
  • Reduce your mortgage term an average of 5-7 years*
  • Save tens of thousands of dollars in interest.*
  • Increase equity twice as fast*
    (In the first year alone)
  • More money in your pocket when selling your home.
  • Eliminate PMI in 1/2 the time
  • Automatic withdrawals.
  • No more late fees, guaranteed!
  • Plan transfers to any new loan or property.
1. n.a. "Biweely mortgage plans". CnnMoney.com. May 5, 2000
2. Taylor, Don. "Mortgage accelerator uses buyer's paycheck to cut debt";. Post-Gazette Now. January 13, 2007
*All examples used are based on a $200,000.00 mortgage, 30-year term at 6.00% fixed interest rate. Your savings will vary depending on the mortgage amount, rate and term used. Check with your plan representative to determine your actual savings.
Tower Administrative Services, Inc.   8 Marticville Road, Lancaster PA 17603
Phone (877) 218-7281   Fax (717) 584-0276