Bi-weekly Mortgage Payment Calculator

 

Many people are paid on a biweekly basis. This calculator helps homeowners pay off their loans faster by having them pay half of their regular monthly payment every other week. There are 52 weeks in a year, making 26 biweekly periods, which is like making a thirteenth monthly payment each year.

For the calculated results to work correctly please enter the principal and interest portion of your loan payment into this calculator exclusive of other costs like home insurance, property taxes and HOA fees.

Your Current Mortgage Info

Remaining mortgage balance:
Monthly mortgage principal & interest payment:
Loan interest rate (APR %):
Returns on invested savings:

Your Results

Monthly

Biweekly

Years to pay off:
Interest savings:
Monthly payments eliminated:
Total payment savings:
Equity after 5 years:
Equity after 10 years:
Balance due after years:
Average monthly savings:
Average annual savings:
Cash available after years:*

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