Biweekly vs Monthly Mortgage Payments: Save Years & Thousands
Paying biweekly makes 13 monthly payments per year. See how much interest you save and whether it beats extra principal payments.
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Key Takeaways
- 1Biweekly = half your monthly payment every two weeks = 13 full payments/year.
- 2On a $350,000 loan, biweekly payments can cut 4–5 years and $50,000+ in interest.
- 3DIY method: divide monthly payment by 12, add to each monthly payment.
- 4Confirm your lender credits biweekly payments immediately — some hold funds.
Biweekly mortgage payments are one of the simplest ways to pay off your home early without feeling a big budget hit. You make half a payment every two weeks — 26 half-payments = 13 full payments per year.
See the impact on your loan with our mortgage calculator.
The Math
Monthly payment on $350,000 at 7%: $2,329. Biweekly half-payment: $1,164.50 × 26 = $30,277/year vs $27,948/year monthly — one extra payment annually.
That extra payment goes straight to principal, compounding savings over 30 years.
Biweekly vs DIY Extra Payment
Dividing your monthly payment by 12 and adding that amount each month achieves nearly the same result without a biweekly service.
Avoid third-party biweekly services that charge $300+ in setup fees.
Understand Your Amortization
See why extra principal early saves the most in our amortization guide.
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