Biweekly Mortgage Calculator
See how biweekly mortgage payments can save you money and pay off your loan faster.
Loan Details
How Biweekly Payments Work
Instead of 12 monthly payments, you make 26 biweekly payments (half your monthly amount). This equals 13 full monthly payments per year, giving you one extra payment annually.
Interest Savings
$96,495
Pay off 6 years, 3 months early
Payment Comparison
Monthly Payment$1862.85
Biweekly Payment$931.42
Annual Payment Comparison
Yearly (12 monthly)$22,354
Yearly (26 biweekly)$24,217
Extra Per Year$1,863
Loan Term Comparison
30 years
Monthly Payments
23.7 years
Biweekly Payments
Total Cost Comparison
Monthly - Total Interest$390,625
Biweekly - Total Interest$294,130
Monthly - Total Paid$670,625
Biweekly - Total Paid$574,688