Bi-Weekly Mortgage Calculator

See how bi-weekly payments can significantly reduce your loan term and save thousands in interest costs.

How Bi-Weekly Payments Work

Instead of making 12 monthly payments per year, you make 26 bi-weekly payments (every two weeks). This equals 13 monthly payments per year.

Payment Schedule

  • • Monthly: 12 payments per year
  • • Bi-weekly: 26 payments per year
  • • Extra payment equivalent: 1 extra monthly payment annually

Potential Savings

Bi-weekly payments can provide significant savings over the life of your loan.

Typical Benefits

  • • 4-6 years shorter loan term
  • • $30,000-$100,000+ interest savings
  • • Faster equity building
  • • Earlier loan payoff

Example Comparison

$300,000 loan at 7% interest rate

Monthly Payments

Monthly Payment:$1,996
Loan Term:30 years
Total Interest:$418,527
Total Cost:$718,527

Bi-Weekly Payments

Bi-Weekly Payment:$998
Loan Term:25.5 years
Total Interest:$333,254
Total Cost:$633,254

Savings: $85,273 | 4.5 years shorter