Use our biweekly mortgage calculator to determine how much you can reduce your interest and how many months you can shave off of your loan term by making biweekly payments.
By simply splitting your existing monthly payment in half and paying that amount every two weeks, you'll make 13 rather than 12 payments over the course of a year. On a monthly basis, it's not a big change, but making just one extra payment a year can reduce your interest by hundreds, if not thousands, of dollars over the life of the loan.
Please make sure to choose the correct loan type - New Loan or Existing Loan. Adding the loan start date to an existing loan is important for accurate results.
AutoPayPlus makes reducing interest easy and paying it worry-free. We can help you eliminate months off your loan term and set up automatic payments for your convenience.
Find out more or call (800) 894-5000 to speak with an AutoPayPlus specialist!