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Standard vs Bi-Weekly

Input
Loan Info
Amount ($)
Interest (%)
Loan Length (Yrs)
Your Tax Rates and Deductions
Your Tax Rate (%)
State Tax (%)
Annual Deductions ($)
Financial Analysis
  Standard Bi-Weekly
Loan Length 30 Yrs 0 Mts 24 Yrs 2 Mts
Time Saved 5 Yrs 10 Mts
Monthly Payment $1,247.74 $1,351.72
Total Interest Paid $249,186.33 $192,043.58
Interest Savings $57,142.74
Tax Savings $105,147.76 $82,783.51
Tax Saving Losses $22,364.25
Total Benefits $34,778.49

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Average Rates
 
30 Year Fixed: 5.50%
15 Year Fixed: 5.26%
5 Year ARM: 5.49%

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