Alternative Payment Frequency

Use the Alternative Payment Frequency calculator to estimate mortgage or amortizing loans with a variety of payment frequency options.

Mortgage Loans

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.

Amortizing Loans

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.

Payment frequency

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).

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.