Mortgage & Home
Biweekly Mortgage Payments
Paying half your mortgage every two weeks adds one extra payment a year. Here is what that buys you.
Your numbers
Interest you avoid
$88,329
Balance
falls to $0
- Monthly payment
- $1,816.07
- Biweekly payment
- $908.04
- Payoff time
- 288 months instead of 360
- Total interest, biweekly
- $285,458
Some servicers charge a fee to set this up. Sending one extra payment a year on your own does the same thing for free.
Biweekly Mortgage Payments explained simply
There are 52 weeks in a year, so paying half your house payment every two weeks adds up to 13 full payments instead of 12. That one extra payment quietly knocks years off the loan.
For example
On a $280,000 loan at 6.75%, the extra payment saves roughly $70,000 in interest and pays the house off about six years early.
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Want a second set of eyes on these numbers?
These calculators are estimates for planning purposes and don't account for every detail of your situation. Bring your results to us and we'll pressure-test them against your actual tax picture.
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