How often should you pay your mortgage, bi-weekly or monthly?
Conventional wisdom says that paying your mortgage twice a month will ultimately lead you to paying
off your mortgage faster. This may be true, but you could potentially make more money in the long term by
making one monthly payment and allocating your additional income distributions across other categories
such as investments, retirement plans, etc.
See for yourself. Enter your mortgage information below and click calculate for a customized comparison:
Monthly vs. Bi-weekly Payments (Total Net Benefit)