How do you calculate accelerated mortgage payments?

To compute the accelerated bi-weekly payment, you need to divide the monthly payment by 2, which gives you the amount you will pay every second week. Use any online accelerated mortgage payment calculator to estimate the payments more accurately. What is the mortgage acceleration formula?

What does accelerating a mortgage mean?

Accelerating your mortgage means paying more than the required monthly payment. For example, if your required monthly mortgage payment is $1,500, you make a payment of $1,700 with the extra $200 going to pay down the principal balance of your mortgage.

How does mortgage acceleration work?

Use our Mortgage Acceleration Calculator to determine how much money you can save and how quickly you can pay-off your mortgage by accelerating a fixed rate loan, or paying more than your required monthly payment. Mortgage acceleration reduces the length of your mortgage which lowers your total interest expense over your loan term.