Finance Calculators

Biweekly Loan Payment Calculator

Compare a standard monthly loan payment against an equivalent biweekly payment schedule to see the payoff time and interest savings.

Biweekly payment —

Payoff time with biweekly payments —

Interest saved vs monthly schedule —

About the Biweekly Loan Payment Calculator

Paying half your monthly payment every two weeks results in 26 half-payments per year — the equivalent of 13 full monthly payments instead of 12 — which chips away at the principal faster and reduces total interest.

Formula: Biweekly Payment = Standard Monthly Payment ÷ 2, applied every two weeks (26 times per year) against the declining balance.

That one extra "13th payment" each year is what shortens the loan term and cuts total interest, without requiring a large lump-sum extra payment.