Keyword focus: biweekly mortgage calculator
Biweekly Mortgage Calculator
Make half-payments every two weeks and shave years off your mortgage.
Switch to biweekly
Compare monthly versus biweekly schedules, then print a payoff plan.
Biweekly payments add one extra full payment per year without straining your budget. Use this guide to quantify the time and interest you save and to plan automatic drafts.
What to review
- Calculate interest savings from 26 half-payments each year.
- Confirm your servicer accepts biweekly drafts or requires a third-party processor.
- Integrate the strategy with extra principal contributions for maximum impact.
Quick tips
- Automate payments
- Align drafts with your paycheck schedule to avoid missed payments and fees.
- Avoid fees
- Some processors charge for biweekly plans. Consider self-managing by making one extra principal payment annually.
- Track loan recast options
- If your servicer offers recasting, combine it with biweekly payments to lower monthly obligations after large lump sums.
Common questions
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How much time can I save?
Typically four to six years off a 30-year loan. Enter your balance and rate to see exact results.
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Do biweekly payments hurt my credit?
No. Payments still post monthly. Just ensure the servicer applies the 13th payment to principal.
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Can I DIY biweekly payments?
Yes. Make one extra principal payment each year or split your monthly payment and pay every other week.