LoanMath

Biweekly Loan Payment Calculator

Pay half every two weeks, save interest.

Your figures stay on your computer — no server, no tracking, no registration
$
%
yr

Try: Loan amount=20000, APR=6.5, Term=5 → $391, $196, 50, 60, $2,488

How to use

Biweekly means 26 half-payments a year — one extra full payment annually. That knocks months off the term and cuts interest.

Formula

Half the monthly PMT every 2 weeks (26/yr) until the balance clears.

FAQ

One extra payment a year?

Yes — 26 half-payments equal 13 full payments vs 12 monthly.

Works for mortgages?

Very common for mortgages; the savings are large over 30 years.

Related calculators