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 |
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A licensed Loan Officer will follow up to discuss your scenario and provide a formal Loan Estimate.
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.
Important Disclosure. The data contained herein is for informational and educational purposes only. APR will differ from the note rate based on closing costs. For an accurate and personalized rate quote, please request a formal Loan Estimate from GEM Mortgage. Calculations are estimates based on user-provided inputs and do not constitute an offer of credit, a commitment to lend, or a quote of specific loan terms. Actual loan amounts, monthly payments, and approval are subject to credit qualification, property appraisal, underwriting review, program eligibility, and applicable state and federal law. Bi-weekly payment results assume your servicer applies extra principal in the period received and that no prepayment penalties apply. Confirm both with your loan servicer before changing your payment schedule.
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
