You can use this bi-weekly mortgage calculator to discover how much you will save if you make 1/2 of your mortgage payment every two weeks instead of making a full mortgage payment once a month. You will be making 26 bi-weekly mortgage payments instead of 12 monthly payments.

Instructions
Enter your principal balance, along with the corresponding monthly payment amounts and interest rate, and click on the "Compute" button to analyze your options. Entering commas, dollar signs, or any other non-numeric characters will cause an error. You also must have your browser's JavaScript option turned on.

Principal balance of your mortgage
Your current monthly mortgage payment
Your mortgage's current interest rate
Interest you will pay under your current monthly payment plan
Interest you will pay if you switch to a bi-weekly payment plan
Bi-weekly Mortgage Interest Savings

IMPORTANT: This bi-weekly calculator is for your independent use and is not intended to provide investment advice. All examples are hypothetical and are for illustrative purposes. I encourage you to contact a licensed, financial advisor to arrange a personal review of your finances.