$
%
$
Fee charged by biweekly payment services
Pay off 6.1 years early
Understanding your options
Standard 12 payments/year
$2,335
$480,583
30 years
26 payments/year (13 monthly equivalents)
$1,167
$366,170
23.9 years
24 payments/year (same as monthly!)
$1,167
$480,583
$9,000
See the savings visually
Monthly Payments
$480,583
True Biweekly
$366,170
Get the same benefit without paying service fees
The "magic" of biweekly payments is simple: you make 26 half-payments per year, which equals 13 full payments instead of 12. That's one extra payment per year.
DIY Method: Add $195(1/12 of your payment) to each monthly payment. Same result, zero fees!
What these numbers mean for you
Monthly payments: $2,335/month, $480,583 interest over 30 years
True biweekly: $1,167 every 2 weeks (26 payments/year), saves $114,413 and pays off 6.1 years early
"Fake" biweekly: Some services charge $300/year but only make 24 payments (same as monthly) - no benefit!
DIY alternative: Add $195/month to your payment - same result as true biweekly, no fees
The "magic" of biweekly: You make 13 monthly payments per year instead of 12 (extra $2,335/year)
True biweekly payments save $114,413 and pay off your mortgage 6.1 years early. Skip the paid services—just add $195 to your monthly payment for the same result with zero fees.
Here are the exact formulas behind your numbers. No black boxes — just math.
Monthly Payment
Biweekly Payment
Extra Payment Per Year
Interest Saved
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