Information About The Nationwide Biweekly Administration Loan Payment Calculator

"The Loan Calculator is designed to let you approximate your savings with the Interest Minimizer Program", says Dan Lipsky, founder of Nationwide Biweekly Administration in Xenia, Ohio.

The Loan calculator through Nationwide Biweekly Administration can help you figure out exactly how a biweekly program works for you and how much exactly you would save by enrolling in a program such as the Interest Minimizer. Biweekly and Weekly mortgage calculators are very simple tools that allow you to see the true savings or projected savings that you would receive. In addition, it will tell you how much interest you'll save over the life of your loan by paying your mortgage biweekly instead of monthly.

The interest minimizer through Nationwide Biweekly Administration debits your bi-weekly amount from your checking or savings account then remits payments bi-weekly or makes your monthly loan payment when it's due.

Because there are 52 weeks in a year, that adds up to 26 bi-weekly debits which equals 13 monthly payments over the course of a year. The extra funds are directed 100% to the principal of the loan eliminating thousands of dollars in interest charges, cutting years off the loan and dramatically increasing your home equity.

Definitions of the Loan Calculator:

Accelerated weekly and bi-weekly payments

Nationwide Biweekly Administration calculates an accelerated bi-weekly mortgage payment, for example, by taking your normal monthly payment and dividing it by two. Since you pay 26 bi-weekly payments, by the end of a year you have paid the equivalent of one extra monthly payment. This additional amount accelerates your loan payoff by going directly against your loan's principal. The effect can save you thousands in interest and take years off of your mortgage.

The accelerated weekly payment is calculated by dividing your monthly payment by four. You then make 52 weekly payments. Just like the accelerated bi-weekly payments, you are in effect paying an additional monthly payment each year.

Mortgage Amount: The total amount for mortgage loan entered

Interest Rate: The interest rate on the mortgage loan entered

Mortgage Amortization: The number of years over witch you would repay the loan entered if you made your normal monthly payment. The most common amortizations for mortgages are 15 years and 30 years.

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 can not 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.

Nationwide Biweekly is proud to be one of the nation's Largest and most recognized administrators for bi-weekly programs. Nationwide Biweekly's Industry leading program, The Interest Minimizer, is helping hundreds of thousands of Americans save billions of dollars in interest charges.

Nationwide Biweekly is a fully licensed, bonded and registered with FinCEN as a Money Services Business. Our corporate office is located in the State of Ohio and is audited annually by the state to insure strict compliance to all State and Federal Regulations. Nationwide Biweekly Administration is also listed with Dunn and Bradstreet. D&B can provide business summary and information about the background of Nationwide Biweekly and its senior management.