Hello,
I'm attempting to build a Mortgage payment calculator which calculates interest semi-annually. The goal of the calculator is to determine how much interest you would save if your payments were set to Accelerated Bi-weekly, and Accerlerated Weekly vs. Monthly.
I've already calculated what the payments would be for each payment type, however I'm not able to determine what the interest savings would be.
Any suggestions would be greatly appreciated.
Thank you.
I'm attempting to build a Mortgage payment calculator which calculates interest semi-annually. The goal of the calculator is to determine how much interest you would save if your payments were set to Accelerated Bi-weekly, and Accerlerated Weekly vs. Monthly.
I've already calculated what the payments would be for each payment type, however I'm not able to determine what the interest savings would be.
Any suggestions would be greatly appreciated.
Thank you.