Biweekly vs Monthly Mortgage Payments: Which is Better?
The standard way to pay a mortgage is once a month. But the smart way to pay a mortgage is biweekly. Use our mortgage payment calculator to check your current monthly rate.
Quick Comparison: Biweekly Wins
- Monthly Plan:12 Payments/Year
- Biweekly Plan:26 Half-Payments/Year
- Effect:1 Extra Payment/Year
- Interest Saved:$30,000 - $80,000+
Switching to a biweekly schedule is one of the easiest "hacks" in personal finance. It requires almost no extra effort but can knock 5-6 years off your mortgage.
Monthly Plan
12 payments per year.
- Standard option.
- Takes full 30 years to pay off.
- Maximum interest paid.
Biweekly Plan
26 half-payments per year.
- Equals 13 monthly payments/year.
- Pays off in ~24 years.
- Saves ~$50k+ in interest.
The Math Example
Loan: $300,000 at 6.5% (30 Years). See how extra payments affect this with our extra payment mortgage calculator.
| Strategy | Total Interest | Years to Pay Off |
|---|---|---|
| Monthly | $382,000 | 30 Years |
| Biweekly | $305,000 | 24 Years |
Savings: $77,000 in Interest!
About the Author
Calcida Financial Research Team
The Calcida Research Team consists of financial analysts and software engineers dedicated to building the most accurate and user-friendly financial calculators on the web. Our tools are updated annually with the latest tax brackets, lending guidelines, and economic data from sources like the IRS, BLS, and Federal Reserve.
Sources & Methodology
- Tax estimates based on 2025-2026 IRS tax brackets and standard deductions.
- Wage data referenced from the Bureau of Labor Statistics (BLS).
- Mortgage guidelines referenced from the Consumer Financial Protection Bureau (CFPB).
Disclaimer: This content is for educational purposes only and does not constitute professional financial advice. While we strive for accuracy, tax laws and lending regulations change frequently. Always consult with a qualified financial advisor or tax professional before making major financial decisions.