One extra payment, painlessly
Because paychecks often arrive biweekly, splitting the mortgage payment the same way rarely feels like a sacrifice — yet it quietly adds a full extra payment every year, which compounds into years shaved off a 30-year loan.
Frequently asked questions
How does biweekly payment save money?
Paying half your monthly payment every two weeks means 26 half-payments a year — equal to 13 full monthly payments instead of 12. That one extra payment a year goes straight to principal.
Do I need my lender's permission?
Many lenders offer a formal biweekly program, sometimes with a setup fee. You can get the same effect for free by simply adding 1/12th of your payment to each regular monthly payment yourself.
Is this the same as the extra-payment approach?
Yes, mathematically — biweekly is just a specific, disciplined way of making one extra monthly-equivalent payment a year. See the Mortgage Payoff Calculator to model any custom extra amount.
Last updated: June 2026