Biweekly Mortgage Payment Savings Calculator

Calculate interest savings and time reduction from making biweekly half-payments instead of monthly. Results in 13 full payments per year vs 12, cutting 4-6 years off a 30-year mortgage

Each component has a specific meaning:

• Making biweekly half-payments instead of monthly — The making biweekly half-payments instead of monthly recorded for the scenario being assessed.

Note: Interpret the biweekly payment result against the thresholds and context described above.

Enter the making biweekly half-payments instead of monthly for the scenario you are assessing. Calculate interest savings and time reduction from making biweekly half-payments instead of monthly. Results in 13 full payments per year vs 12, cutting 4-6 years off a 30-year mortgage. Use the biweekly payment result to inform your calculation.