What is the difference between regular bi-weekly and accelerated bi-weekly?

Regular bi-weekly multiplies your monthly payment by 12 and divides by 26, resulting in the exact same annual total as 12 monthly payments. Accelerated bi-weekly divides the monthly payment by 2, resulting in one extra full monthly payment per year applied directly to your principal.

BiWeeklyCalc.com

100% Free & Private

Mortgage Savings Calculator

Q: How does accelerated bi-weekly payments work?

In an accelerated bi-weekly mortgage schedule, your regular monthly payment is divided by two, and you pay that amount every two weeks (26 times a year). This equals 13 monthly payments annually, shaving thousands off your principal and years off your mortgage.

Compare standard monthly payments against accelerated bi-weekly payments.

Accelerated Bi-Weekly Benefit

Total Interest Saved

$0.00

Mortgage Free Earlier By

0 Years

Standard Monthly

$0.00

12 payments / year

Total Interest: $0.00

Payoff Time: 25 Years

Accelerated Bi-Weekly

$0.00

26 payments / year

Total Interest: $0.00

Payoff Time: -- Years

How Does Accelerated Bi-Weekly Payments Work?

In a standard monthly mortgage payment schedule, you make 12 payments per calendar year. With an Accelerated Bi-Weekly schedule, your monthly payment is divided in half, and you make this payment every two weeks.

Because there are 52 weeks in a year, you make 26 bi-weekly payments, which is equivalent to 13 full monthly payments instead of 12. That extra monthly payment goes directly toward reducing your principal balance, significantly shaving off years of compounding interest over the life of the loan.

Regular Bi-Weekly vs. Accelerated Bi-Weekly

Regular Bi-Weekly: Your annual mortgage payment is multiplied by 12 and divided by 26. You make 26 smaller payments that equal 12 monthly payments. Total interest savings are minimal.
Accelerated Bi-Weekly: Your regular monthly payment is simply divided by 2. You effectively pay one extra full monthly payment every year, drastically accelerating your loan payoff.

Disclaimer: This calculator is for educational and illustrative purposes only. Actual mortgage amortizations and compounding interest schedules may vary based on your lender, loan terms, and local regulations.