Resource Center · Calculators

Bi-Weekly Mortgage Payments

Paying half your mortgage payment every two weeks adds up to one extra payment a year — shortening your loan and cutting interest.

Your Information

$50,000$2,000,000
%

This calculator is for general educational purposes and produces hypothetical estimates based on the figures you enter. It is not financial, tax, legal, or investment advice and does not guarantee future results. Consult a qualified professional before making decisions.

Your Results

Standard Monthly Payment
$1,896
Standard Payoff
30 yrs
Std Total Interest
$382,633
Bi-Weekly Payoff
24.2 yrs
Bi-Weekly Total Interest
$295,040
Interest Saved
$87,593
Time Saved
5.8 yrs
Confirm with your servicer that extra payments are applied to principal — not held until the next due date.
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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

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