Bi-Weekly Mortgage Payments

Switching from monthly to biweekly (every two weeks) mortgage payments can help you pay off your home faster and save money on interest. Use this calculator to see how much you could save.

Loan Details

$
%
years

Your Potential Savings

Interest Savings
$0

Payment Comparison

Monthly Payments

Payment Amount$0
Total Interest Paid$0
Total Amount Repaid$0

Bi-Weekly Payments

Payment Amount$0
Total Interest Paid$0
Total Amount Repaid$0

Balance Over Time

By switching to bi-weekly payments, you make 26 half-payments per year instead of 12 full monthly payments. This equals one extra monthly payment each year, helping you pay off your mortgage faster and save on interest.

This is a hypothetical interest rate used for illustrative purposes only. It is not representative of any specific mortgage rate. Speak with your real estate professional or mortgage company if you are uncertain about your Annual Interest Rate.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Where Is the Market Headed?

Where Is the Market Headed?

We all know the stock market can be unpredictable. We all want to know, "What's next for the financial markets?"

A New Way to Look at Your Bucket List

A New Way to Look at Your Bucket List

Bucket lists don’t have to be for tomorrow.

Four Steps to Valuing an Estate

Four Steps to Valuing an Estate

Determining the value of your estate, or for someone who has passed away, can be a complex undertaking.