Biweekly Mortgage Calculator
See how biweekly payments save interest and shorten your loan
Loan Details
Biweekly Payment
$982
every 2 weeks (26 payments/year)
Monthly Equivalent
$2,129
Standard monthly payment
Biweekly Total Interest
$446,076
Total interest paid
Interest Saved
$352
vs. monthly payments
Years Saved
-2.5 yrs
Pays off earlier
Biweekly Advantage
By paying biweekly, you make the equivalent of one extra monthly payment per year. This saves $352 in interest and pays off your loan -2.5 years earlier.
Monthly vs. Biweekly Comparison
| Payment Type | Payment Amount | Payments/Year | Total Interest | Payoff |
|---|---|---|---|---|
| Monthly | $2,129 | 12 | $446,428 | 30 years |
| Biweekly ✓ | $982 | 26 | $446,076 | 32.5 years |
Why Biweekly Payments Work
Paying biweekly means you make 26 half-payments per year — equivalent to 13 full monthly payments instead of 12. That extra payment goes entirely toward principal, dramatically reducing interest and shortening your loan term. On a $300,000 loan at 7% for 30 years, switching to biweekly payments saves approximately $58,000 in interest and pays off the loan 4–5 years early.