Bi-Weekly Payment Calculator
Calculate savings from bi-weekly mortgage payments vs monthly payments.
Loan Details
$
%
years
$
How it works: Bi-weekly payments result in 26 half-payments per year, which equals 13 full monthly payments instead of 12. This extra payment goes directly toward principal.
Interest Saved with Bi-Weekly
$88,122
Pay off 5.8 years earlier
Monthly Payment
$1,896
Bi-Weekly Payment
$948
Payment Comparison
Monthly Payments30 years 0 months
Bi-Weekly Payments24 years 2 months
Annual Payment Summary
Monthly Plan (12 payments)$22,754/year
Bi-Weekly Plan (26 payments)$24,651/year
Extra Annual Payment$1,896
Total Interest Paid
Monthly Payments$382,633
Bi-Weekly Payments$294,512
You Save$88,122