Monthly vs Bi-Weekly Calculator

How much would I save if I switch to Bi-Weekly Payments?

Payment frequency is an important conversation to have with your mortgage professional.  Switching from monthly payments to accelerated bi-weekly payments can pay your mortgage down faster. Use our Monthly vs Bi-Weekly calculator to see what you can save in interest.

Accelerated Bi-Weekly payments are calculated as follows:

Monthly payment amount multiplied by 12 months divided by 26 payments.

Ultimately you make the equivalent of an extra monthly payment through the year by paying every 2 weeks instead of once a month or 1st and 15th of the month.