How this estimate works
The fixed-rate illustration uses a nominal annual rate compounded twice per year and equivalent monthly or regular biweekly payments. Biweekly means 26 equal scheduled payments, not accelerated biweekly. The interest rate is assumed unchanged for the full amortization solely for calculation.
What is excluded
Taxes, insurance premiums, condo fees, utilities and closing costs are excluded. This is not a qualification calculation, rate quote or commercial loan offer. Actual lender calculations and payment schedules may differ.