Biweekly Mortgage Calculator
Calculate your biweekly mortgage payments and see how much you can save on interest. Compare biweekly vs monthly payments to pay off your mortgage faster.
Step 1: Mortgage Details
Understanding Biweekly Payments
Biweekly payments mean you pay half your monthly mortgage amount every two weeks. This results in 26 half-payments per year, equivalent to 13 full monthly payments.
Step 2: Payment Options
Benefits of Biweekly Payments
By making biweekly payments, you’ll make one extra monthly payment each year, reducing your loan term and total interest paid significantly over the life of the loan.
Mortgage Payment Results
Biweekly Payment
Payment Schedule Comparison
| Payment Type | Payment Amount | Payments/Year | Total Annual | Loan Term |
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Interest Savings Breakdown
How Biweekly Payments Work
26 Half-Payments = 13 Full Payments Annually
With biweekly payments, you make 26 half-payments each year (every 2 weeks). This equals 13 full monthly payments, accelerating your principal reduction and saving thousands in interest.
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