Bi-Weekly Payments vs. Extra $500 a Month

Two of the most popular acceleration strategies, head to head on the same loan. One works through payment frequency, the other through brute-force extra principal.

Compared on a $500K loan at 7%.

Free calculators for everyone — the 5–7 Year Alternative serves USA residents only.

Featured alternative

The 5–7 Year Alternative

Pay off your mortgage in 5–7 years instead of 30. *With qualification.

See if you qualify →

For USA residents only.

Bi-Weekly Payments

Time to payoff23.7 yrs
Years saved6.3
Interest saved$172,314
Total interest$525,230

Full bi-weekly payments calculations →

Faster payoff

Extra $500/Month

Time to payoff20.6 yrs
Years saved9.4
Interest saved$252,537
Total interest$445,008

Full extra $500/month calculations →

Winner is marked by faster payoff. 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.

Which strategy fits your life?

Take the free quiz to see if you qualify for a structured payoff plan.

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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.