Bi-Weekly Mortgage Calculator
Calculate savings from switching to a bi-weekly payment schedule.
How does it work?
In a standard monthly plan, you make 12 payments a year. In a bi-weekly plan, you pay half the monthly amount every two weeks. Since there are 52 weeks in a year, you make 26 bi-weekly payments.
26 half-payments = 13 full payments. This one extra payment per year goes directly to principal, accelerating the payoff.