Biweekly Mortgage Calculator

Other Calculators: Affordability Calculator | Mortgage Calculator | Rate Comparison Calculator | Realty Transfer Fee Calculator

The biweekly mortgage calculator will help you decide if making biweekly mortgage payments is right for you. This means that you will pay half of your mortgage payment every two weeks instead of making a full mortgage payment once a month. Though you will be making one extra mortgage payment per year, there is an opportunity for savings, as this will help you pay off your mortgage ahead of schedule. Enter your information below to see how much you can save!

Instructions: Complete the top 5 entry fields and click the “Compute” button. If you are entering data for a future mortgage, you can leave the “Current monthly mortgage payment” field blank, and the calculator will compute the payment for you.

Dollar amount of your mortgage:
Interest rate of your mortgage:
Term of your mortgage in months:
Current monthly mortgage payment:
Number of monthly payments you have already paid:


Your Current Mortgage
Dollar amount of your mortgage:
Percentage rate of your mortgage:
Your current monthly payment:
Total Interest paid:
Paid off in:
With the Bi-Weekly Plan
Your bi-weekly payment:
Total Interest paid:
Total Interest savings:
Paid off in:
Number of payments saved:
Equivalent interest rate:
If You Pay an Additional $25 Every Payment
Your bi-weekly payment:
Total Interest paid:
Total Interest savings:
Paid off in:
Number of payments saved:
Equivalent interest rate:
Save Even More by Paying an Additional $50 Every Payment
Your bi-weekly payment:
Total Interest paid:
Total Interest savings:
Paid off in:
Number of payments saved:
Equivalent interest rate:

Disclaimer: These calculators are for information purposes only. Consult a financial professional for further advice.