Posts Tagged ‘save’

How much will I save if I make a mortgage payment daily totaling to my monthly payments?

Hello,
I have a FHA Mortgage 30 years fixed @ 6 % – Monthly payments every month of $584.25. This is including my taxes and mortgage insurance + home owner’s insurance.
The mortgage value is $54000.00
My question is how much will i save if I make a payment of $29.22 / Daily which totals upto $584.25 counting [...]

How does making your mortgage payment bi-weekly save you money?

I got a letter in the mail from the bank that says paying our mortgage payment bi-weekly instead of monthly could save us $40,000 to $100,000 in interest and reduce our mortgage term by 7 to 9 years without refinancing. How does this work?