Not financial advice. Mortgage FV Calculator is a software calculator, not a personal-finance product or advisory service. It computes standard financial functions and displays the results for your convenience. Nothing here constitutes, or is intended to constitute, financial, investment, tax, legal, mortgage, credit, or insurance advice. Always consult a qualified professional before making any financial decision.
Bi-weekly mortgage calculator
Paying half your mortgage payment every two weeks means 26 half payments a year — one extra full payment. Here is exactly what that buys you.
Your loan
Where the saving comes from
Bi-weekly payments total $2,594 more per year than monthly payments — roughly one extra payment. Most of the benefit is that extra principal, not the slightly faster compounding.
Before switching, check that your servicer applies each half-payment immediately rather than holding it until a full payment accrues, and that there is no enrolment fee. Sending one extra payment a year yourself achieves nearly the same result for free.
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| Rocket Mortgage | Fully online closing | Digital application and verification | 3% | See rates |