Re: biweekly mortgage... - 未名空间MITBBS历史存档

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Re: biweekly mortgage...

Re: biweekly mortgage...# Living

l*e2004-05-20 07:05

1 楼

i just run a quick calc in Excel
400k loan, 6.25% rate, first year payments
for monthly, total 29,554.43, interest 25,000.00, principal 4,554.43
for biweekly, total 29540.37, interest 25,000.00, principal 4,540.37
keep in mind, the acutally bi-weekly payments per year are
more thank 26, 26.08 somethng... so it's actually didn't make
big difference between monthly and bi-weekly...
if u plan send more principal than those... then the principal
reduces quicker and the loan landscape changes a lot

u*l2004-05-20 07:05

2 楼

for example, your monthly mortgage is 1000$, but biweekly is $500, looks the
same, but you pay 26 $500 a year, so you pay 1000$ more a year.
if you pay monthly 1000$, and dec you pay $2000 (put $1000 towards principal),
you actually save more interest than the biweekly scenario, although very
little.
但是bi weekly吃了你头寸. (500$ 两个星期,大约是13个 500$
多吃了两个星期的头寸,每个月第二个$500 不算,因为差不多和以前一样), 所一如果他们
能还你 500X13 = 13000XAPRX1/26= 250XAPR的利西进principal就对了, 差不多是10块钱
, 但我算了, 他们没有.
所一他们每年吃你$10, 30年就是$300, 都是小钱了, 不过,

【在 l****e 的大作中提到】

: i just run a quick calc in Excel
: 400k loan, 6.25% rate, first year payments
: for monthly, total 29,554.43, interest 25,000.00, principal 4,554.43
: for biweekly, total 29540.37, interest 25,000.00, principal 4,540.37
: keep in mind, the acutally bi-weekly payments per year are
: more thank 26, 26.08 somethng... so it's actually didn't make
: big difference between monthly and bi-weekly...
: if u plan send more principal than those... then the principal
: reduces quicker and the loan landscape changes a lot