Bi-Weekly Mortgage Payments
Two out of three American households today are homeowners. For the vast majority of those households, home equity is the single largest source of wealth. Switching from monthly to biweekly (every two weeks) mortgage payments can help you build more wealth by paying off your home faster and saving money on interest. Use this calculator to see how much you could save.
Loan Details
Your Potential Savings
Payment Comparison
Monthly Payments
Bi-Weekly Payments
Balance Over Time
By switching to bi-weekly payments, you make 26 half-payments per year instead of 12 full monthly payments. This equals one extra monthly payment each year, helping you pay off your mortgage faster and save on interest.
This is a hypothetical interest rate used for illustrative purposes only. It is not representative of any specific mortgage rate. Speak with your real estate professional or mortgage company if you are uncertain about your Annual Interest Rate.
Have A Question About This Topic?
Related Content
Yours, Mine, and Ours: Estate Strategies for Second Marriage
Second marriages are a trigger event to revisit any existing estate strategies.
Paying Off a Credit Card
Enter various payment options and determine how long it may take to pay off a credit card.
Counteracting Capital Gains with Tax-Loss Harvesting
You may have heard the phrase "tax-loss harvesting." A financial professional may be able to provide some guidance.