This calculator will show you how much you will save if you make 1/2 of your loan payment every two weeks instead of making a full loan payment once a month. In effect, you will be making one extra loan payment per year -- without hardly noticing the additional cash outflow. But, as you're about to discover, you will certainly notice the increased cash flow that will occur when you pay your loan off well ahead of schedule!Instructions: Enter your loan's principal balance, monthly payment amount and annual interest rate and then click on the "Compute" button. Note: Other than decimal points, do not enter any other non-numeric characters (commas, dollar signs, etc.) in entry boxes. Doing so will cause a JavaScript error.
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