Biweekly Mortgage Calculator
Discover how much you can save in interest and how much faster you can pay off your mortgage by switching to biweekly payments instead of monthly payments.
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Enter loan details to see your biweekly payment benefits
Understanding Biweekly Mortgage Payments
How Biweekly Payments Work
- 26 payments per year: Instead of 12 monthly payments, you make 26 biweekly payments
- Extra payment annually: 26 biweekly payments = 13 monthly payments
- Principal reduction: Extra payments go directly toward principal
- Compound savings: Less interest accrues over the shorter loan term
Benefits & Considerations
✓ Benefits
- • Significant interest savings (often $50k-100k+)
- • Build equity faster
- • Pay off mortgage 4-6 years earlier
- • Aligns with biweekly pay schedules
⚠ Considerations
- • Requires consistent cash flow
- • Less flexibility than monthly payments
- • May impact other investment opportunities
- • Check if lender allows biweekly payments