Biweekly Mortgage Extra Payment Calculator
Compare a standard monthly P&I schedule with biweekly half-payments (26 per year).
Results
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Assumptions
- Biweekly payment = monthly P&I ÷ 2, paid 26 times per year.
- Uses a biweekly period rate approximation from the annual rate.
- Lender biweekly programs may add fees — not modeled.
How it works
Simulates 26 half-payments yearly versus the original monthly schedule.
FAQ
Why does biweekly help?
You make the equivalent of roughly one extra monthly payment per year, which cuts interest and shortens the loan.
Is this a lender quote?
No — educational estimate using your inputs.
Do you store my numbers?
No account; calculations run in your browser.
Related calculators
Estimates only. See Disclaimer.