Biweekly Mortgage Payment Calculator
True biweekly mortgages collect half the monthly payment every two weeks — 26 half-payments a year, which equals 13 full monthly payments. That extra payment per year pays the loan down faster than 12 monthly payments at the same rate.
This calculator uses 26 periods per year with the standard half-monthly payment amount, not monthly divided by two on a monthly schedule. The summary compares interest saved versus paying monthly.
Controls below let you switch back to monthly for side-by-side planning. Not financial advice.
Loan:$300,000.00 at 6.5% for 30 years (biweekly)
Biweekly payment:$948.10
Total interest:$294,513.45· Payments:628
Interest saved:$88,123.29
| # | Payment | Principal | Interest | Extra | Balance |
|---|---|---|---|---|---|
| 1 | $24,650.60 | $5,314.83 | $19,335.77 | $294,685.17 | |
| 2 | $24,650.60 | $5,671.29 | $18,979.31 | $289,013.88 | |
| 3 | $24,650.60 | $6,051.70 | $18,598.90 | $282,962.18 | |
| 4 | $24,650.60 | $6,457.60 | $18,193.00 | $276,504.58 | |
| 5 | $24,650.60 | $6,890.75 | $17,759.85 | $269,613.83 | |
| 6 | $24,650.60 | $7,352.91 | $17,297.69 | $262,260.92 | |
| 7 | $24,650.60 | $7,846.06 | $16,804.54 | $254,414.86 | |
| 8 | $24,650.60 | $8,372.29 | $16,278.31 | $246,042.57 | |
| 9 | $24,650.60 | $8,933.88 | $15,716.72 | $237,108.69 | |
| 10 | $24,650.60 | $9,533.09 | $15,117.51 | $227,575.60 | |
| 11 | $24,650.60 | $10,172.50 | $14,478.10 | $217,403.10 | |
| 12 | $24,650.60 | $10,854.80 | $13,795.80 | $206,548.30 |
Showing first 12 of 25 rows. Download PDF or CSV for the full schedule.
The Handy Pages · thehandypages.com
Related schedules
Amortization Calculator with Extra Payments
Free amortization calculator with extra payments. Compare payoff with and without extras — interest saved and payments skipped. PDF or CSV in your browser.
Mortgage Payoff Calculator, Printable Schedule
Free mortgage payoff calculator: payment schedule on Letter. Download PDF or CSV — loan numbers stay in-browser. No signup required. Always free.
15-Year Mortgage Amortization Schedule
Free 15-year mortgage amortization schedule: payment schedule on Letter. Download PDF or CSV — loan numbers stay in-browser. No signup required.
30-Year Mortgage Amortization Schedule
Free 30-year mortgage amortization schedule: payment schedule on Letter. Download PDF or CSV — loan numbers stay in-browser. No signup required.
Running calculators
Pay off loans & debt
Refinance Break-Even Calculator
Compare monthly payments, break-even month, and lifetime interest when refinancing. Download a printable PDF or CSV.
PMI Removal Calculator
See when you may request PMI cancellation and when automatic termination applies. Download a printable PDF with cancellation checklist.
Debt Payoff Plan
Compare debt snowball vs avalanche and download a month-by-month payoff plan as PDF or CSV. Your debts never leave your browser.