Bi-Weekly Mortgage Payments

Two out of three American households today are homeowners. For the vast majority of those households, home equity is the single largest source of wealth. Switching from monthly to biweekly (every two weeks) mortgage payments can help you build more wealth by paying off your home faster and saving money on interest. Use this calculator to see how much you could save.

Loan Details

Loan Amount

Annual Interest Rate

Loan Term

years

Your Potential Savings

Interest Savings

Payment Comparison

Monthly Payments

Payment Amount$0

Total Interest Paid$0

Total Amount Repaid$0

Bi-Weekly Payments

Payment Amount$0

Total Interest Paid$0

Total Amount Repaid$0

Balance Over Time

By switching to bi-weekly payments, you make 26 half-payments per year instead of 12 full monthly payments. This equals one extra monthly payment each year, helping you pay off your mortgage faster and save on interest.

This is a hypothetical interest rate used for illustrative purposes only. It is not representative of any specific mortgage rate. Speak with your real estate professional or mortgage company if you are uncertain about your Annual Interest Rate.