Biweekly Payment Calculator
An extra half payment a year, without feeling it.
Standard monthly payment:
Biweekly payment:
Term with biweekly:
Interest saved:
How to use this calculator
Enter your balance, rate and term, then press Calculate. Monthly and biweekly payments, the shortened term and interest saved are shown.
What the result means
Biweekly means half the payment every two weeks — which equals one extra full payment a year. That extra payment compounds into a shorter term and big interest savings.
Frequently asked questions
Does biweekly really save that much?
Yes — one extra payment per year on principal cuts years off a 30-year loan and saves tens of thousands in interest.
Is there a fee for biweekly programs?
Some banks charge to enroll. You can often just make the extra payment yourself for free.