KLOORABiweekly Mortgage Calculator
See how paying half your mortgage every two weeks saves interest and shortens the loan.
Quick answer: Biweekly Mortgage Calculator: See how paying half your mortgage every two weeks saves interest and shortens the loan. Everything runs in your browser, so nothing you enter is uploaded or stored.
How to use Biweekly Mortgage Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
Biweekly payments are half the monthly payment, made 26 times a year. Interest is calculated on a shorter cycle and the extra month of payments lowers the balance faster.
Worked example
On a 300,000 loan at 6.5 percent over 30 years, biweekly payments finish years early and save close to 88,000 in interest.
Frequently asked questions
How does biweekly help?
You make 26 half payments a year, which equals 13 full payments instead of 12, so extra goes to principal.
Does my lender allow it?
Some lenders charge fees or apply payments only monthly. Ask first. You can also add 1/12 of a payment to each monthly payment.
Is the Biweekly Mortgage Calculator free?
Yes. It is free, needs no signup and works on any device.