05/28/2026
HOW BI-WEEKLY MORTGAGE PAYMENTS SAVE YOU THOUSANDS
Here’s a simple payment trick that can save you tens of thousands of dollars and shave years off your mortgage with one simple change.
Here's how it works: Instead of making one monthly payment, you split it in half and pay bi-weekly.
Let's say your mortgage payment is $2,400/month. Most people pay $2,400 once a month = $28,800 per year.
But if you pay $1,200 every two weeks instead, you end up making 26 half-payments per year – which ends up being 13 full monthly payments instead of 12.
Which means you’re making one extra payment per year without even noticing it.
On a $400K mortgage at 7%, here's what that does:
One monthly payment will pay off your mortgage in 30 years, with $558,000 total interest paid.
Bi-weekly payments pays it off in 24 years, with $463,000 total interest paid.
That means you save $95,000 in interest AND cut 6 years off your mortgage just by adjusting when you pay.
Now some lenders do charge fees to set this up, and if you have a prepayment penalty (rare, but some loans have them), this won't work.
But it’s worth asking your loan officer because this is one of the easiest ways to build equity faster without feeling like you're sacrificing anything.
Follow for more mortgage strategies that save you money, and if you want help finding the smartest financing strategies for you, reach out to me.
