Biweekly Loan Payment Calculator
Pay half every two weeks, save interest.
Your figures stay on your computer — no server, no tracking, no registrationTry: 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.
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