Switching from monthly to biweekly (every two weeks) mortgage payments can help you pay off your home faster and save money on interest. Use this calculator to see how much you could save.

Loan Details

$
%
years

Your Potential Savings

Interest Savings
$0

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.

 

Related Content

The Three Keys to a Great Password

The Three Keys to a Great Password

Have fun and learn how to craft the perfect password with the help of this highly engaging infographic.

Pullbacks, Corrections, and Bear Markets

Pullbacks, Corrections, and Bear Markets

When the market experiences volatility, it may be a good time to review these common terms.

Balancing Family Giving and Retirement Planning

Balancing Family Giving and Retirement Planning

Learn how to set guardrails around gifting and spending so generosity strengthens your family, not your retirement risk.

 

Have A Question About This Topic?







Thank you! Oops!

Understanding Extended Care

Understanding the types of extended care services—and what those services could cost—may be critical.

Systematic Withdrawals in Retirement

Taking regular, periodic withdrawals during retirement can be quite problematic.

Should I Accept a Free Credit Lock?

Learn the ins and outs of credit locks, freezes, and more.

View all articles

College Savings

See how much you may need to save now to cover future college costs for your child.

The Power of Interest - How Long Will it take My Money to Do

Use the Rule of 72 to estimate how long it takes your money to double at a given rate.

How Long Will My Savings Last If I Become Disabled?

See how long your current savings might last if a disability interrupted your income.

View all calculators

The Business Cycle

How will you weather the ups and downs of the business cycle?

From Boats to Brokers

From the Dutch East India Company to Wall St., the stock market has a long and storied history.

A New Way to Look at Your Bucket List

Bucket lists don’t have to be for tomorrow.

View all videos