What are the assumptions for bi-weekly calculations?

The schedule uses 26 equal payments per year, each equal to half of the monthly payment. Interest accrues between 2-week periods at APR/26. However, not all lenders support bi-weekly drafts; some may charge fees or simply hold payments.

How much can I save with bi-weekly payments?

Bi-weekly payments can save significant interest and shorten your loan term by making 13 full payments per year instead of 12. The exact savings depend on your loan amount, interest rate, and term length.

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Bi-Weekly vs Monthly Payment Impact

See how paying half your monthly payment every two weeks can reduce interest and shorten your payoff time.

How bi-weekly payments work

With accelerated bi-weekly, you pay half your monthly payment every two weeks. That results in 26 half-payments per year (13 full payments), reducing principal faster and lowering total interest.

Assumptions

Schedule: 26 equal payments per year, each equal to half of the monthly payment
Compounding: Interest accrues between 2-week periods at APR/26
Reality check: Not all lenders support bi-weekly drafts; some may charge fees or simply hold payments

Bi-Weekly vs Monthly Payment Calculator

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Bi-Weekly vs Monthly Payment Impact

How bi-weekly payments work

Assumptions

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