Biweekly Mortgage Calculator
Paying half your mortgage every two weeks sneaks in one extra payment a year. See how many years — and how much interest — that saves you.
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Why biweekly works
26 half-payments = 13 monthly payments
There are 52 weeks in a year, so paying every two weeks means 26 half-payments — the equivalent of 13 monthly payments instead of 12. That single extra payment each year attacks principal directly, and the interest savings snowball over the life of the loan.
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Biweekly mortgage FAQ
How do biweekly mortgage payments save money?
You pay half your monthly payment every two weeks. Because there are 52 weeks in a year, you make 26 half-payments — equal to 13 full monthly payments instead of 12. That one extra payment a year goes straight to principal, paying the loan off years early.
Is biweekly better than just paying extra monthly?
The savings are nearly identical — both come from paying roughly one extra payment per year. Biweekly is just an automatic way to do it. You can get the same result by adding one-twelfth of your payment to each monthly payment.
Does my lender charge for biweekly payments?
Some third-party biweekly programs charge setup or transaction fees. You can usually avoid them by simply making the extra principal payment yourself — confirm with your servicer that extra payments go to principal.
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