Biweekly Mortgage Calculator
Some lenders require biweekly payments as part of specific mortgage programs designed to accelerate repayment and reduce long term interest. Our Biweekly Mortgage Calculator is designed to educate you on the impact of selecting a biweekly mortgage over a traditional mortgage and to help you understand how each payment structure affects overall payments and interest accrual. With a biweekly mortgage you make half your monthly payment every two weeks, resulting in 26 payments a year and adding up to one extra full payment annually. This tool aims to give you a clearer picture of your financial future when comparing biweekly mortgages vs. monthly mortgages.
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