Pay half your monthly payment every two weeks — that's 26 half-payments, or 13 full payments a year. The extra payment melts your term. See how much time and interest you save.
| Monthly payment | — |
| Biweekly payment | — |
| Total interest (monthly plan) | — |
| Total interest (biweekly) | — |
| Interest saved | — |
Model: periodic rate = annual/26, payment = monthly/2 (the widely-used approximation). Prefer a lower payment instead? Try the recast calculator. Estimates only; your servicer's figures govern.