Compare A Bi-Weekly Mortgage To A Monthly Mortgage
Use this strategy to pay off your mortgage sooner.
A little extra goes a long way with your home loan payments
If you make bi-weekly payments of half your mortgage instead of full monthly payments, you will end up making an extra payment over the course of a year. Use this calculator to see how that could help you save on interest and pay down your mortgage quicker during its term.
Results from this calculation are hypothetical and are for illustrative purposes only. Calculators should be used as a self-help tool only and do not consider the impact of fees that may apply. Results may not be applicable to your individual situation and do not constitute an offer. We encourage you to seek advice and guidance from a qualified professional regarding all personal finance issues. Actual terms may differ.