What are bi-weekly payments? Build equity fast by making bi-weekly payments!

No Cost. No Obligation. Just the facts.

Get Your FREE Mortgage Quote! . . .

8 Things About Money

E-mail This Page . .

What are Bi-weekly Payments?

Build Equity FAST with Bi-Weekly Payments

This chart shows you 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. Many of our lenders offer such a program - the half-payment is debited directly from your bank account every 2 weeks.

If you choose to make additional payments toward the principal of the loan, you will see even greater savings and you will pay the loan off much sooner than anticipated. In fact, many of our borrowers can use their savings (from a refinance) to pay down the principal (including the debt they refinanced) and be TOTALLY debt free within 10 years.

The amortization schedule on the left shows bi-weekly payments, the amortization schedule on the right shows monthly payments. Both loans assume the same original balance and a rate of 7.900%.

Year	PMT	TOTAL	BALANCE	PMT	TOTAL	BALANCE
1	$799	$20.787	$216.461	$1,599	$19,188	$218,125
2	$799	$41.573	$212.631	$1,599	$38,375	$216,097
3	$799	$62.360	$208.487	$1,599	$57,563	$213,903
4	$799	$83.147	$204.003	$1,599	$76,751	$211,529
5	$799	$103.933	$199.151	$1,599	$95,938	$208,960
6	$799	$124,720	$193,900	$1,599	$115,126	$206,181
7	$799	$145,506	$188,219	$1,599	$134,314	$203,175
8	$799	$166,293	$182,071	$1,599	$153,501	$199,922
9	$799	$187,080	$175,419	$1,599	$172,689	$196,402
10	$799	$207,866	$168,221	$1,599	$191,887	$192,594
11	$799	$228,653	$160,432	$1,599	$211,064	$188,475
12	$799	$249,440	$152,004	$1,599	$230,252	$184,017
13	$799	$270,226	$142,884	$1,599	$249,440	$179,195
14	$799	$291,013	$133,015	$1,599	$268,627	$173,978
15	$799	$311,800	$122,337	$1,599	$287,815	$168,333
16	$799	$332,586	$110,782	$1,599	$307,003	$162,225
17	$799	$353,373	$98,279	$1,599	$326,190	$155,618
18	$799	$374,159	$84,749	$1,599	$345,378	$148,469
19	$799	$394,946	$70,109	$1,599	$364,566	$140,734
20	$799	$420,733	$54,268	$1,599	$383,753	$132,365
21	$799	$436,519	$37,126	$1,599	$402,941	$123,311
22	$799	$457,306	$18,577	$1,599	$422,129	$113,516
23	$799	$475,883	$0	$1,599	$441,316	$102,918
24	$0	$475,883	$0	$1,599	$460,504	$91,451
25	$0	$475,883	$0	$1,599	$479,692	$79,045
26	$0	$475,883	$0	$1,599	$498,879	$65,623
27	$0	$475,883	$0	$1,599	$518,067	$51,101
28	$0	$475,883	$0	$1,599	$537,255	$35,390
29	$0	$475,883	$0	$1,599	$556,442	$18,391
30	$0	$475,883	$0	$1,599	$574,833	$0

Loan Info	Need to Know	Investments
About Loans	Avoiding Foreclosure	Diversify your Portfolio
Closing Costs	Credit Counseling Services	Get Back on Track
Equity Builder	Debt Consolidation	Invest to Win
Escrow	Reasons to Refi	Investment Properties
Locking Your Rate	Refinancing Tips	Mutual Fund Crash?
Mortgage - 10 Do's & Dont's	SFR Rental Properties	Mutual Fund Terms
Qualifying for Loans	Should I Refinance?	Top 401k Mistakes
What Length Mortgage?	Improve Your Credit	I Want to Retire Early
Stress-Free Refi	Improve Your Finances	The Taxman Cometh
8 must-ask Questions	Basics of Investing	The Real Estate Market
Discount Notes	Note FAQ	Should I Sell My Note?
Note Quote Request	Note Sale Checklist	Sell Your Note
Note Glossary	LO? Become a Partner!	Stop Foreclosure!
Foreclosure Law	Foreclosure Terms	Remodeling Loan
Construction Loans	Foreclosure FAQ's	Bridge Loan
Land Loan / Lot Loan	Construction Loans FAQ	Land Loans FAQ

Back To Top

Printable Version

What is a FICO� Score?

The Credit Score Mystery Solved!
Generally, the higher your score, the more favorably a lender will view your application for credit. Compared to the national population, you are in the 35th percentile of consumers by credit risk if your score is 686, for example. Studies show that ...

How Do I Fix My Credit for FREE ?

Free Credit Repair Tips!
What the Credit Bureaus Don't Tell You: 1. Each item on your credit report must be proven or it cannot remain in the report. If the credit bureau cannot verify the item, then it must be deleted according to the Fair Credit Reporting Act.

How Much Would I Save with Debt- Consolidation?

Drowning in Debt?
If you find yourself drowning in high-interest debt, let The Loan Finder.net help you swim to shore. Your home is your bank! Use your home's equity to increase monthly cash flow and save thousands of dollars in interest charges!

How Can I Retire Financially Independent?

Reach Your Goals with an IRA!
Contributing every year to an IRA can be a great way to save for retirement. With more people eligible for more benefits than ever, a Roth or Traditional IRA may give you the savings you need to retire financially independent.

Do You Have Access to a 401k?

Top 401k Mistakes
1.You miss out on the match 2. You pick the wrong funds 3. You don't rebalance. But there are mistakes, and there are Hall of Fame mistakes that can torpedo your best intentions and keep you working long into your golden age.

Don't Have Any Money to Save?

Don't Make This Mistake!
The biggest mistake you can make is assuming you don't have any money to save. If you earn an income, it's simply a matter of how you're spending it. You can put some money aside each month - if you make saving for your future a priority.