Biweekly Loan Calculator

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Are you looking to pay off your loan earlier with biweekly payments? The biweekly loan calculator will calculate and compare biweekly payments to monthly payments and see how much you can save and how much faster you can pay off your loan with biweekly payments.

Biweekly Mortgage Calculator

Payment Frequency
Loan Amount
$
Loan Terms
Interest Rate
First Payment Date

Biweekly Loan Calculator Results

Mortgage Amount: $50,000.00
Bi-weekly Principal & Interest: $499.17
Bi-weekly Extra Payment: $0.00
Total Bi-weekly Payment:
$499.17
Total # Of Payments: 118
Start Date: Oct 18, 2024
Payoff Date: Apr 13, 2029
Principal: $50,000.00
Total Interest Paid: $8,866.70
Total of all Payments:
$58,866.70

Biweekly Amortization Schedule

Payment Date Payment # Interest Principal Total Payment Balance
Oct 18, 2024 1 $141.35 $357.82 $499.17 $49,642.18
Nov 01, 2024 2 $140.33 $358.83 $499.17 $49,283.34
Nov 15, 2024 3 $139.32 $359.85 $499.17 $48,923.50
Nov 29, 2024 4 $138.30 $360.87 $499.17 $48,562.63
Dec 13, 2024 5 $137.28 $361.89 $499.17 $48,200.74
Dec 27, 2024 6 $136.26 $362.91 $499.17 $47,837.83
Jan 10, 2025 7 $135.23 $363.93 $499.17 $47,473.90
Jan 24, 2025 8 $134.21 $364.96 $499.17 $47,108.94
Feb 07, 2025 9 $133.17 $366.00 $499.17 $46,742.94
Feb 21, 2025 10 $132.14 $367.03 $499.17 $46,375.91
Mar 07, 2025 11 $131.10 $368.07 $499.17 $46,007.84
Mar 21, 2025 12 $130.06 $369.11 $499.17 $45,638.74
Apr 04, 2025 13 $129.02 $370.15 $499.17 $45,268.58
Apr 18, 2025 14 $127.97 $371.20 $499.17 $44,897.39
May 02, 2025 15 $126.92 $372.25 $499.17 $44,525.14
May 16, 2025 16 $125.87 $373.30 $499.17 $44,151.84
May 30, 2025 17 $124.81 $374.35 $499.17 $43,777.48
Jun 13, 2025 18 $123.76 $375.41 $499.17 $43,402.07
Jun 27, 2025 19 $122.69 $376.47 $499.17 $43,025.60
Jul 11, 2025 20 $121.63 $377.54 $499.17 $42,648.06
Jul 25, 2025 21 $120.56 $378.61 $499.17 $42,269.45
Aug 08, 2025 22 $119.49 $379.68 $499.17 $41,889.78
Aug 22, 2025 23 $118.42 $380.75 $499.17 $41,509.03
Sep 05, 2025 24 $117.34 $381.83 $499.17 $41,127.20
Sep 19, 2025 25 $116.26 $382.91 $499.17 $40,744.30
Oct 03, 2025 26 $115.18 $383.99 $499.17 $40,360.31
Oct 17, 2025 27 $114.10 $385.07 $499.17 $39,975.24
Oct 31, 2025 28 $113.01 $386.16 $499.17 $39,589.07
Nov 14, 2025 29 $111.92 $387.25 $499.17 $39,201.82
Nov 28, 2025 30 $110.82 $388.35 $499.17 $38,813.47
Dec 12, 2025 31 $109.72 $389.45 $499.17 $38,424.03
Dec 26, 2025 32 $108.62 $390.55 $499.17 $38,033.48
Jan 09, 2026 33 $107.52 $391.65 $499.17 $37,641.83
Jan 23, 2026 34 $106.41 $392.76 $499.17 $37,249.07
Feb 06, 2026 35 $105.30 $393.87 $499.17 $36,855.20
Feb 20, 2026 36 $104.19 $394.98 $499.17 $36,460.22
Mar 06, 2026 37 $103.07 $396.10 $499.17 $36,064.12
Mar 20, 2026 38 $101.95 $397.22 $499.17 $35,666.90
Apr 03, 2026 39 $100.83 $398.34 $499.17 $35,268.56
Apr 17, 2026 40 $99.70 $399.47 $499.17 $34,869.10
May 01, 2026 41 $98.57 $400.60 $499.17 $34,468.50
May 15, 2026 42 $97.44 $401.73 $499.17 $34,066.77
May 29, 2026 43 $96.30 $402.86 $499.17 $33,663.91
Jun 12, 2026 44 $95.17 $404.00 $499.17 $33,259.90
Jun 26, 2026 45 $94.02 $405.15 $499.17 $32,854.76
Jul 10, 2026 46 $92.88 $406.29 $499.17 $32,448.47
Jul 24, 2026 47 $91.73 $407.44 $499.17 $32,041.03
Aug 07, 2026 48 $90.58 $408.59 $499.17 $31,632.44
Aug 21, 2026 49 $89.42 $409.75 $499.17 $31,222.69
Sep 04, 2026 50 $88.26 $410.90 $499.17 $30,811.79
Sep 18, 2026 51 $87.10 $412.07 $499.17 $30,399.72
Oct 02, 2026 52 $85.94 $413.23 $499.17 $29,986.49
Oct 16, 2026 53 $84.77 $414.40 $499.17 $29,572.09
Oct 30, 2026 54 $83.60 $415.57 $499.17 $29,156.52
Nov 13, 2026 55 $82.42 $416.75 $499.17 $28,739.77
Nov 27, 2026 56 $81.25 $417.92 $499.17 $28,321.85
Dec 11, 2026 57 $80.06 $419.10 $499.17 $27,902.74
Dec 25, 2026 58 $78.88 $420.29 $499.17 $27,482.46
Jan 08, 2027 59 $77.69 $421.48 $499.17 $27,060.98
Jan 22, 2027 60 $76.50 $422.67 $499.17 $26,638.31
Feb 05, 2027 61 $75.30 $423.86 $499.17 $26,214.44
Feb 19, 2027 62 $74.11 $425.06 $499.17 $25,789.38
Mar 05, 2027 63 $72.90 $426.26 $499.17 $25,363.12
Mar 19, 2027 64 $71.70 $427.47 $499.17 $24,935.65
Apr 02, 2027 65 $70.49 $428.68 $499.17 $24,506.97
Apr 16, 2027 66 $69.28 $429.89 $499.17 $24,077.08
Apr 30, 2027 67 $68.06 $431.10 $499.17 $23,645.98
May 14, 2027 68 $66.85 $432.32 $499.17 $23,213.65
May 28, 2027 69 $65.62 $433.55 $499.17 $22,780.11
Jun 11, 2027 70 $64.40 $434.77 $499.17 $22,345.34
Jun 25, 2027 71 $63.17 $436.00 $499.17 $21,909.34
Jul 09, 2027 72 $61.94 $437.23 $499.17 $21,472.10
Jul 23, 2027 73 $60.70 $438.47 $499.17 $21,033.64
Aug 06, 2027 74 $59.46 $439.71 $499.17 $20,593.93
Aug 20, 2027 75 $58.22 $440.95 $499.17 $20,152.98
Sep 03, 2027 76 $56.97 $442.20 $499.17 $19,710.78
Sep 17, 2027 77 $55.72 $443.45 $499.17 $19,267.33
Oct 01, 2027 78 $54.47 $444.70 $499.17 $18,822.63
Oct 15, 2027 79 $53.21 $445.96 $499.17 $18,376.67
Oct 29, 2027 80 $51.95 $447.22 $499.17 $17,929.45
Nov 12, 2027 81 $50.69 $448.48 $499.17 $17,480.97
Nov 26, 2027 82 $49.42 $449.75 $499.17 $17,031.22
Dec 10, 2027 83 $48.15 $451.02 $499.17 $16,580.19
Dec 24, 2027 84 $46.87 $452.30 $499.17 $16,127.90
Jan 07, 2028 85 $45.59 $453.58 $499.17 $15,674.32
Jan 21, 2028 86 $44.31 $454.86 $499.17 $15,219.46
Feb 04, 2028 87 $43.02 $456.14 $499.17 $14,763.32
Feb 18, 2028 88 $41.73 $457.43 $499.17 $14,305.88
Mar 03, 2028 89 $40.44 $458.73 $499.17 $13,847.16
Mar 17, 2028 90 $39.14 $460.02 $499.17 $13,387.13
Mar 31, 2028 91 $37.84 $461.32 $499.17 $12,925.81
Apr 14, 2028 92 $36.54 $462.63 $499.17 $12,463.18
Apr 28, 2028 93 $35.23 $463.94 $499.17 $11,999.24
May 12, 2028 94 $33.92 $465.25 $499.17 $11,534.00
May 26, 2028 95 $32.61 $466.56 $499.17 $11,067.43
Jun 09, 2028 96 $31.29 $467.88 $499.17 $10,599.55
Jun 23, 2028 97 $29.96 $469.20 $499.17 $10,130.35
Jul 07, 2028 98 $28.64 $470.53 $499.17 $9,659.82
Jul 21, 2028 99 $27.31 $471.86 $499.17 $9,187.96
Aug 04, 2028 100 $25.97 $473.19 $499.17 $8,714.76
Aug 18, 2028 101 $24.64 $474.53 $499.17 $8,240.23
Sep 01, 2028 102 $23.29 $475.87 $499.17 $7,764.35
Sep 15, 2028 103 $21.95 $477.22 $499.17 $7,287.13
Sep 29, 2028 104 $20.60 $478.57 $499.17 $6,808.57
Oct 13, 2028 105 $19.25 $479.92 $499.17 $6,328.64
Oct 27, 2028 106 $17.89 $481.28 $499.17 $5,847.37
Nov 10, 2028 107 $16.53 $482.64 $499.17 $5,364.73
Nov 24, 2028 108 $15.17 $484.00 $499.17 $4,880.72
Dec 08, 2028 109 $13.80 $485.37 $499.17 $4,395.35
Dec 22, 2028 110 $12.43 $486.74 $499.17 $3,908.61
Jan 05, 2029 111 $11.05 $488.12 $499.17 $3,420.49
Jan 19, 2029 112 $9.67 $489.50 $499.17 $2,930.99
Feb 02, 2029 113 $8.29 $490.88 $499.17 $2,440.11
Feb 16, 2029 114 $6.90 $492.27 $499.17 $1,947.84
Mar 02, 2029 115 $5.51 $493.66 $499.17 $1,454.18
Mar 16, 2029 116 $4.11 $495.06 $499.17 $959.12
Mar 30, 2029 117 $2.71 $496.46 $499.17 $462.66
Apr 13, 2029 118 $1.31 $462.66 $463.97 $0.00

Compare Monthly vs. Bi-weekly

Payment Frequency Monthly Bi-weekly
Payments / Year 12 26
Each Payment $998.34 $499.17
Total Extra Payments $0.00 $0.00
Total Interest $9,900.24 $8,866.70
Total Tax, Insurance, PMI & Fees $0.00 $0.00
Total Payment $59,900.24 $58,866.70
Total Savings $0 $1,033.54
Payoff Date Sep, 2029 Apr, 2029

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