Switching from monthly to biweekly (every two weeks) mortgage payments can help you pay off your home faster and save 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.
Related Content
A Primer on Irrevocable Life Insurance Trusts
Irrevocable life insurance trusts can be important tools that may accomplish a number of estate objectives.
Retirement Accounts When You Change Your Job
This video explores what to do with retirement accounts when you move on from your job.
Do You Owe The AMT?
If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT.
