Use the Alternative Payment Frequency calculator to estimate mortgage or amortizing loans with a variety of payment frequency options.
Generate an amortization schedule for a current or new mortgage. Quickly see the total interest paid and principal balances. Select the 'View Report' button to see a full amortization schedule by the frequency of payments.
Enter the desired payment and let us calculate your loan amount. Or enter the loan amount and we'll calculate the monthly payment. Examine the principal balances by payment, total of all payments made and total interest paid.
Choose how often payments will be made. The options are weekly (52 payments per year), bi-weekly (26 payments per year), semi-monthly (24 payments per year), monthly (12 payments per year), bi-monthly (6 payments per year), quarterly (4 payments per year), semi-annually (2 payments per year), and annually (1 payment per year).