Pay Off Your Mortgage
Years Earlier
See exactly how much time and money you save by making bi-weekly payments instead of monthly — one simple change with powerful results.
Your Mortgage Details
Enter your current loan information to see your personalized savings
Loan Balance Over Time
Extra Payment Impact Comparison
| Strategy | Payoff Date | Time Saved | Interest Saved |
|---|
Why Bi-Weekly Payments Are So Powerful
The math behind one of the simplest wealth-building strategies available to homeowners.
The 13th Payment Effect
A year has 52 weeks. Paying every two weeks means 26 payments — which equals 13 full monthly payments instead of 12. That one extra payment per year goes entirely toward principal, accelerating your payoff without you feeling a significant financial difference month-to-month.
Compound Interest Works Against You — Then For You
Mortgage interest compounds monthly. Every dollar of principal you eliminate early stops generating future interest charges. On a 30-year loan, paying down principal aggressively in the early years has a dramatically outsized effect because those are the years when most of your payment is interest.
No Refi Required
Unlike refinancing, bi-weekly payments require no closing costs, no paperwork, and no approval process. Simply make half your monthly payment every two weeks. Many servicers offer formal bi-weekly programs, or you can simply send an extra principal payment once per year — the math is identical.
Stack It With Extra Payments
Combining bi-weekly payments with any additional extra principal contribution supercharges the results. Even an additional $100–$200 per payment on top of the bi-weekly structure can shave an additional 2–4 years off your payoff date and save an additional $20,000–$50,000 in interest depending on your loan balance and rate.
Golden Empire Mortgage, Inc.
NMLS# 2427
1200 Discovery Drive, Ste. 300
Bakersfield, California 93309
Golden Empire Mortgage, Inc.
NMLS# 2427
1200 Discovery Drive, Ste. 300
Bakersfield, California 93309
