Biweekly Mortgage Calculator
Paying half your monthly amount every two weeks adds up to one extra payment a year - see how much faster the loan clears and how much interest you save.
- Free
- No sign-up
Enter your loan amount, rate and term to see the biweekly payment.
Worked example
With these example inputs:
- Loan amount$250,000
- Interest rate5.75%
- Term (years)25
Biweekly payment: $786.38
- Standard monthly payment$1,573
- Total interest$182,806
- Payoff time21 yr 3 mo
- Interest saved$39,024
- Time saved3 yr 9 mo
Frequently asked questions
How does a biweekly mortgage work?
You pay half the monthly amount every two weeks. With 26 half-payments a year, you make the equivalent of 13 monthly payments instead of 12, putting one extra payment toward principal annually.
How much can biweekly payments save?
On a $360,000 loan at 6.5% over 30 years, the biweekly schedule can clear the loan around six years early and save over $100,000 in interest.