01
Monthly, biweekly or weekly
Regular payment schedules spread repayment across the year. Biweekly means 26 payments, not twice a month. Check how your lender calculates each amount.
02
Accelerated payments
An accelerated biweekly schedule commonly uses half the monthly amount every two weeks. That produces the equivalent of one extra monthly payment per year and can reduce interest and amortization.
03
Stay within the contract
Confirm available schedules and payment-change limits. Our calculator shows payment amounts using its stated assumptions; actual lender calculations can differ.
General information only. Product availability, eligibility and conditions vary by lender and application.