Biweekly Mortgage Calculator

This calculates how much you will pay over the life of the loan when paying bi-weekly. 
 
Principal Loan Balance: $
Annual Interest Rate: %
Number of Years  
 
Your Results
   Principal Remaining after each year if paying:
 Year  Monthly Payment Bi-Weekly Payment 
 1  $119,046.23  $118,144.71
 2  $118,010.73  $116,130.44
 3  $116,886.50  $113,943.56
 4  $115,665.93  $111,569.28
 5  $114,340.76  $108,991.54
 6  $112,902.04  $106,192.92
 7  $111,340.03  $103,154.47
 8  $109,644.18  $99,855.66
 9  $107,803.00  $96,274.16
 10  $105,804.04  $92,385.75
 11  $103,633.79  $88,164.14
 12  $101,277.57  $83,580.77
 13  $98,719.43  $78,604.64
 14  $95,942.09  $73,202.09
 15  $92,926.75  $67,336.59
 16  $89,653.01  $60,968.47
 17  $86,098.75  $54,054.64
 18  $82,239.91  $46,548.35
 19  $78,050.40  $38,398.84
 20  $73,501.88  $29,550.97
 21  $68,563.59  $19,944.91
 22  $63,202.13  $9,515.69
 23  $57,381.23  $0
 24  $51,061.52  $0
 25  $44,200.27  $0
 26  $36,751.06  $0
 27  $28,663.51  $0
 28  $19,882.93  $0
 29  $10,349.91  $0
 30  $8.41  $0
 Final Summary
 Mortgage Payment if paying:
 Monthly  Bi-Weekly
 $901.51  $450.75
 Years Before payoff of loan if using:
 Monthly Bi-Weekly 
 30  22
Explanation
Usually a Bi-Weekly payment will result in a shortened loan period and save quite a bit of interest.

The accuracy and use of this calculator is not guaranteed.

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