Biweekly Mortgage Calculator

Use this calculator to estimate the payoff impact of biweekly mortgage payments.

What this calculator does

The biweekly mortgage calculator estimates the standard monthly payment, biweekly payment, interest saved, and years saved.

Biweekly Mortgage Formula

Biweekly Payment = Monthly Payment / 2

Because there are 26 biweekly periods in a year, this can equal one extra monthly payment per year.

Example calculation

For a 300,000 mortgage at 6% over 30 years, the calculator estimates how much faster the mortgage may be repaid with biweekly payments.

When to use this calculator

• comparing monthly and biweekly payment schedules
• estimating interest savings
• planning faster mortgage payoff
• reviewing lender biweekly payment programs

FAQs

Are biweekly payments always accepted?

Not always. Check whether your lender supports true biweekly principal payments.