Most mortgages are paid once per month, making 12 payments every year. With a bi-weekly payment schedule, the monthly mortgage amount is split into two and paid every two weeks instead. Since there are 52 weeks in a year, this results in 26 half payments annually, totaling 13 payments. This means borrowers basically pay one extra monthly mortgage payment each year resulting in significant interest savings.


Biweekly Payment Calculator

DISCLAIMER: Calculations by these calculator tools are believed to be accurate but are not guaranteed. Further review is necessary to obtain an exact qualification.