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Bi-Weekly Mortgage Payments

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Bi-Weekly Mortgage Payments Powered By Docstoc
					     Biweekly Mortgage Payment Amortization
     Inputs                                            Key Figures
     Loan principal amount            $     100,000    Annual loan payments             $   7,191.08
     Annual interest rate                    6.000%    Biweekly payments                $     276.58
     Loan period in years (30 max.)               30   Interest over term of loan       $ 115,732.40
     Base year                                 2005    Sum of all payments              $ 215,732.40
     Loan start date                       01/01/05    Date of first payment                01/15/05


     First 26 Payments
                    Payment           Beginning                                               Cumulative     Cumulative     Ending
     Payment #                                      Payment      Principal      Interest
                    Date              Balance                                                 Principal      Interest       Balance
     1              01/15/05           $ 100,000.00 $     276.58 $        45.81 $      230.77 $        45.81 $       230.77 $   99,954.19
     2              01/29/05              99,954.19       276.58          45.92        230.66          91.73         461.43     99,908.27
     3              02/12/05              99,908.27       276.58          46.02        230.56         137.75         691.99     99,862.25
     4              02/26/05              99,862.25       276.58          46.13        230.45         183.88         922.44     99,816.12
     5              03/12/05              99,816.12       276.58          46.24        230.34         230.12       1,152.78     99,769.88
     6              03/26/05              99,769.88       276.58          46.34        230.24         276.46       1,383.02     99,723.54
     7              04/09/05              99,723.54       276.58          46.45        230.13         322.91       1,613.15     99,677.09
     8              04/23/05              99,677.09       276.58          46.56        230.02         369.47       1,843.17     99,630.53
     9              05/07/05              99,630.53       276.58          46.66        229.92         416.13       2,073.09     99,583.87
     10             05/21/05              99,583.87       276.58          46.77        229.81         462.90       2,302.90     99,537.10
     11             06/04/05              99,537.10       276.58          46.88        229.70         509.78       2,532.60     99,490.22
     12             06/18/05              99,490.22       276.58          46.99        229.59         556.77       2,762.19     99,443.23
     13             07/02/05              99,443.23       276.58          47.10        229.48         603.87       2,991.67     99,396.13
     14             07/16/05              99,396.13       276.58          47.20        229.38         651.07       3,221.05     99,348.93
     15             07/30/05              99,348.93       276.58          47.31        229.27         698.38       3,450.32     99,301.62
     16             08/13/05              99,301.62       276.58          47.42        229.16         745.80       3,679.48     99,254.20
     17             08/27/05              99,254.20       276.58          47.53        229.05         793.33       3,908.53     99,206.67
     18             09/10/05              99,206.67       276.58          47.64        228.94         840.97       4,137.47     99,159.03
     19             09/24/05              99,159.03       276.58          47.75        228.83         888.72       4,366.30     99,111.28
     20             10/08/05              99,111.28       276.58          47.86        228.72         936.58       4,595.02     99,063.42
     21             10/22/05              99,063.42       276.58          47.97        228.61         984.55       4,823.63     99,015.45
     22             11/05/05              99,015.45       276.58          48.08        228.50       1,032.63       5,052.13     98,967.37
     23             11/19/05              98,967.37       276.58          48.19        228.39       1,080.82       5,280.52     98,919.18
     24             12/03/05              98,919.18       276.58          48.30        228.28       1,129.12       5,508.80     98,870.88
     25             12/17/05              98,870.88       276.58          48.42        228.16       1,177.54       5,736.96     98,822.46
     26             12/31/05              98,822.46       276.58          48.53        228.05       1,226.07       5,965.01     98,773.93

     Payments for Calendar Years after Year 1
                    Beginning                                               Ending
     Year                        Payment      Principal      Interest
                    Balance                                                 Balance
     2006            $ 98,773.93 $   7,191.08 $     1,303.04 $     5,888.04 $   97,470.89
     2007              97,470.89     7,191.08       1,382.29       5,808.79     96,088.60
     2008              96,088.60     7,191.08       1,467.66       5,723.42     94,620.94
     2009              94,620.94     7,191.08       1,558.31       5,632.77     93,062.63
     2010              93,062.63     7,191.08       1,654.55       5,536.53     91,408.08
     2011              91,408.08     7,191.08       1,756.75       5,434.33     89,651.33
     2012              89,651.33     7,191.08       1,865.24       5,325.84     87,786.09
     2013              87,786.09     7,191.08       1,980.46       5,210.62     85,805.63
     2014              85,805.63     7,191.08       2,102.76       5,088.32     83,702.87
     2015              83,702.87     7,191.08       2,232.65       4,958.43     81,470.22
     2016              81,470.22     7,191.08       2,370.54       4,820.54     79,099.68
     2017              79,099.68     7,191.08       2,516.95       4,674.13     76,582.73
     2018              76,582.73     7,191.08       2,672.40       4,518.68     73,910.33
     2019              73,910.33     7,191.08       2,837.46       4,353.62     71,072.87
     2020              71,072.87     7,191.08       3,012.71       4,178.37     68,060.16
     2021              68,060.16     7,191.08       3,198.79       3,992.29     64,861.37
     2022              64,861.37     7,191.08       3,396.35       3,794.73     61,465.02
     2023              61,465.02     7,191.08       3,606.13       3,584.95     57,858.89
     2024              57,858.89     7,191.08       3,828.85       3,362.23     54,030.04
     2025              54,030.04     7,191.08       4,065.33       3,125.75     49,964.71
     2026              49,964.71     7,191.08       4,316.41       2,874.67     45,648.30
     2027              45,648.30     7,191.08       4,583.02       2,608.06     41,065.28
     2028              41,065.28     7,191.08       4,866.07       2,325.01     36,199.21
     2029              36,199.21     7,191.08       5,166.62       2,024.46     31,032.59
     2030              31,032.59     7,191.08       5,485.73       1,705.35     25,546.86
     2031              25,546.86     7,191.08       5,824.54       1,366.54     19,722.32
     2032              19,722.32     7,191.08       6,184.28       1,006.80     13,538.04
     2033              13,538.04     7,191.08       6,566.24         624.84      6,971.80
     2034               6,971.80     7,191.08       6,971.80         219.28           -




Dave Churchya                                                                                                      http://www.ChurchyaRealty.com
Virginia Licesned Real Estate Agent                                        (757) 407-3584                          URHome@ChurchyaRealty.com

				
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