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Biweekly Mortgage Calculator

This calculator will show you how much you will save if you make 1/2 of your loan payment every two weeks instead of making a full loan payment once a month. In effect, you will be making one extra loan payment per year -- without really noticing the additional cash outflow. But, as you're about to discover, you will certainly notice the increased cash flow that will result when you pay your loan off well ahead of schedule!

Instructions: Enter your loan's principal balance, monthly payment amount and annual interest rate and then click on the Compute button. Need some honest counsel? Use our Quick Apply and a professional will be more than happy to give you sound mortgage advice.

Note: When entering information into the data fields, only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error.

Enter the principal balance of your loan:
Enter the amount of your monthly loan payment:
Enter your loan's current interest rate:
Total interest you will pay under your current monthly payment plan:
Months to pay off your loan under your current monthly payment plan:
Total interest you will pay using a biweekly payment plan:
Months to pay off your loan with a biweekly payment plan:
Biweekly Payment Interest Savings:
Biweekly Payment Time Savings (# of Months):

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