← All Bi-Weekly Payments calculations
Half a payment every two weeks — 26 half-payments a year. Monthly principal & interest: $1,073.64.
Free calculators for everyone — the 5–7 Year Alternative serves USA residents only.
Pay off your mortgage in 5–7 years instead of 30. *With qualification.
See if you qualify →For USA residents only.
| # | Strategy | Monthly payment | Payoff | Interest saved |
|---|---|---|---|---|
| 01 | Refinance to 15-Year | $1,714.85 | 15.0 yrs | $77,839 |
| 02 | Extra $500/Month | $1,073.64 | 15.1 yrs | $101,123 |
| 03 | $5,000 Yearly Lump Sum | $1,073.64 | 16.8 yrs | $90,026 |
| 04 | Extra $200/Month | $1,073.64 | 21.3 yrs | $61,162 |
| 05 | Recast with $25K | $1,073.64 | 23.1 yrs | $64,152 |
| 06 | Bi-Weekly Payments | $1,073.64 | 25.2 yrs | $34,328 |
| 07 | Standard 30-Year | $1,073.64 | 30.0 yrs | $0 |
Instead of one monthly payment, you pay half the monthly amount every two weeks. That adds up to 26 half-payments per year — the equivalent of 13 full monthly payments instead of 12. The extra payment goes straight to principal.
26 half-payments per year, periodic rate = annual rate / 26, adjusted final payment. Illustration assumes each half-payment is credited when made; actual lender crediting practices vary — some servicers hold partial payments until a full payment accumulates, and some charge enrollment fees.
Take the free quiz to see if you qualify for a structured payoff plan.
See if you qualify →For USA residents only
Calculations are illustrative only, based on the assumptions shown. Not financial advice, not a promise of savings or payoff time, and not a loan quote.