Does every servicer allow this?

Most do if you mark extra amounts as principal. Confirm in writing. Avoid third-party biweekly services that charge a fee for something you can do for free.

Is this better than refinancing?

They solve different problems. Refinance changes the rate and often the term. Extra payments keep your current loan and just finish it sooner.

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Biweekly Mortgage Payoff Calculator

Compare a standard monthly mortgage with 26 half-payments a year — one extra monthly payment annually.

Loan balance

APR %

Term years

Confirm with your servicer that extra principal is applied correctly. Some “biweekly” programs charge a fee you do not need — you can send one extra monthly payment yourself.

How this tool works

Enter balance, APR, and term. The tool compares a standard monthly payment with 26 half-payments a year — effectively one extra monthly payment annually.

Why it matters for your credit

Small extra principal, applied correctly, can cut years of interest. You do not need a paid “biweekly program” to do this; you can send extra principal yourself.

Frequently asked questions

Does every servicer allow this?: Most do if you mark extra amounts as principal. Confirm in writing. Avoid third-party biweekly services that charge a fee for something you can do for free.
Is this better than refinancing?: They solve different problems. Refinance changes the rate and often the term. Extra payments keep your current loan and just finish it sooner.

This tool gives an educational estimate only — not a promise of a specific score change, approval, or lender decision. Explore all free tools, dispute letter templates, or the credit guides.