Bi-Weekly Mortgage Payments
Paying half your mortgage every two weeks adds one full payment a year. Here is what that does.
There are 26 two week periods in a year. Paying half of your monthly amount every two weeks means 13 monthly payments instead of 12, and that extra one goes against principal.
Your mortgage
The Difference
Total interest paid
This calculator is provided for informational and educational purposes only. The results are hypothetical, are based solely on the figures you enter and the assumptions stated on this page, and do not account for taxes, fees, or your individual circumstances unless specifically noted. They are not a projection or a guarantee of future results, and they are not tax, legal, or accounting advice. Nothing on this page is an offer or a solicitation to buy any product. Please consult a qualified tax or legal professional about your situation. Nothing you enter is transmitted or stored. All figures remain in your browser and are cleared when you close this page. Not all lenders accept bi-weekly payments, and some charge a fee to set them up or hold the funds rather than applying them immediately. Confirm with your servicer before assuming these results. This calculator assumes a fixed rate and no prepayment penalty.
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