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.