Compare Monthly vs. Bi-weekly
Save more by making one half of your mortgage payment every two weeks …
Save more by making one half of your mortgage payment every two weeks …
Monthly versus Bi-weekly Comparison

25 years

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You could save $17,896 and have 8 fewer payments by using the Bi-Weekly Mortgage plan!

Current Mortgage

Mortgage $300,000.00

Interest Rate 3.79%

Current Monthly Mortgage Amount $1,000.00

Total Interest Paid Out $634,542

Paid Off By 25.0 Years

Paying Bi-weekly

Bi-Weekly Payment Amount $500.00

Total Interest Paid Out $616,646

Total Interest Savings $17,896

Paid Off By 24.3 Years

Saved Payments 8

Effective Interest Rate 15.64%

Paying an Extra $25 Each Payment

Bi-Weekly Payment Amount $525.00

Total Interest Paid Out $607,441

Total Interest Savings $27,101

Paid Off By 22.5 Years

Saved Payments 30

Effective Interest Rate 15.45%

Paying an Extra $50 Each Payment

Bi-Weekly Payment Amount $550.00

Total Interest Paid Out $599,712

Total Interest Savings $34,829

Paid Off By 21.0 Years

Saved Payments 48

Effective Interest Rate 15.29%

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